How FPL's rate hike impacts fixed-income earners in South Florida [CBS News]
NextEra Energy, Inc. (NEE)
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Source: CBS News
"I watch how I cook. I've gotten an air fryer, which uses less heat. I don't use my oven as much. I'm not cooking one potato in an oven," Ellis said. And she said she will have to adjust her electricity usage again when Florida Power & Light's latest rate hike takes effect next year. Ellis said she will pay for two different rate increases, one for her condo's electricity and one for her building's. She said her condo association already budgeted for a potential FPL rate hike ahead of time with higher monthly maintenance fees. "You have to pick and choose how you're gonna live now," Ellis said. "Retired people didn't plan on this when they retired. They just wanted to relax and enjoy the rest of the time they had on earth." The Florida Public Service Commission said that in peninsular Florida, the rate hikes will increase the typical 1,000 kWh customer bill by $2.50 a month starting in 2026. FPL said rates will increase 2% each year until 2029. Franklin Gay is a certified
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NEE
Earnings
- 10/29/25 - Beat
NEE
Sec Filings
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- NEE's page on the SEC website