After tweaking a controversial settlement agreement, state regulators Thursday approved a plan that will lead to Florida Power & Light increasing base electric rates by $350 million in January.
An agreement was reached Thursday between FPL and key customer advocacy groups.
There will be a changing of the guard next summer at Florida Power & Light. On Monday FPL CEO Armando Olivera announced that he would be retiring in May. Senior vice president Eric Silagy has been tapped to take the helm of the state’s largest electric utility.