Florida Power & Light on Monday said it will propose a four-year plan to raise base electric rates for customers.

Florida Power & Light (FPL), the state's largest electric utility, announced on Monday that it will seek to increase base electric rates over the next four years. The proposal, filed with the Florida Public Service Commission (PSC),

FPL will seek increases of about $1.55 billion that would take effect in 2026 and $930 million that would take effect in 2027, according to a letter filed with the Florida Public