Core Viewpoint - Florida Power & Light Company (FPL) has filed a four-year rate settlement agreement that significantly reduces its original revenue request while ensuring residential customer bills remain below the projected national average through the end of the decade [1][2]. Revenue Request Reduction - The settlement agreement cuts FPL's four-year revenue request by approximately 30%, reducing hundreds of millions of dollars from its initial proposal [2][3]. - Base rate revenue requests are reduced by 39% for 2026 (from $1.545 billion to $945 million) and by 17% for 2027 (from $927 million to $766 million), totaling about $2.9 billion less than originally requested over the four-year period [8]. Consumer Impact - The typical 1,000-kWh residential customer bill is expected to increase by about $3.79 a month next year, which is significantly lower than FPL's original proposal [3][4]. - Even with this increase, FPL projects that its bills will remain about 20% lower than they were 20 years ago when adjusted for inflation [3]. Estimated Bills - Estimated bills for a 1,000-kWh residential customer in Peninsular Florida will be $137.93 in January 2026, $143.05 in January 2027, $146.24 in January 2028, and $148.15 by December 2029 [4]. Consumer Protections - The settlement maintains essential regulatory oversight, ensuring that all fuel and variable costs are subject to annual review by the Florida Public Service Commission (PSC) [5]. - FPL commits to not disconnect customers for nonpayment during extreme weather conditions [5]. Growth and Investment - FPL anticipates adding about 335,000 new customers by the end of the decade, which necessitates investments in solar energy, battery storage, and smart-grid technologies [6]. - Existing solar investments have already saved customers more than $1 billion in avoided fuel costs [6]. Affordability Context - The proposal results in an average annual residential bill increase of approximately 2% from 2025 through the end of the decade [7]. - FPL's typical residential customer bills are $24 lower than those of an average utility due to the company's low operating and maintenance costs [7]. Settlement Participants - The agreement includes participation from various stakeholders, such as the Florida Retail Federation, Walmart, and the Southern Alliance for Clean Energy [9]. Next Steps - The PSC will review the settlement agreement and set a schedule for voting on new rates, which, if approved, would take effect on January 1, 2026 [10].

Core Viewpoint - Florida Power & Light Company (FPL) has reached an agreement in principle on a four-year rate settlement that aims to keep customer bills below the national average through the end of the decade [1][3]. Group 1: Agreement Details - The agreement involves multiple stakeholders, including the Florida Retail Federation and Walmart, and is designed to benefit both customers and the state of Florida [3]. - FPL and intervenors have filed a joint motion to suspend technical hearings on the original rates petition to finalize the settlement agreement by August 20 [2]. Group 2: Background and Process - FPL's current four-year rate agreement is set to conclude at the end of this year, prompting the submission of a new rates petition for 2026 through 2029 [4]. - The public review process included thousands of pages of testimony, over 3,000 interrogatories, and 10 public hearings where hundreds of customers provided input on FPL's proposal [4]. Group 3: Next Steps - FPL and supporting parties will appear before the Florida Public Service Commission (PSC) to request the suspension of the technical hearing, allowing for the finalization of the agreement [5]. - If accepted, a new hearing date will be set, and any new PSC-approved rates would take effect on January 1, 2026 [5]. Group 4: Company Overview - Florida Power & Light Company is the largest electric utility in America, serving over 6 million customer accounts and approximately 12 million people in Florida [6]. - The company operates a diverse energy mix, including nuclear, natural gas, solar, and battery storage, and has been recognized for its reliability [6].

Core Viewpoint - Avista and other parties have reached a settlement agreement regarding electric and natural gas rate cases, which is pending approval from the Idaho Public Utilities Commission [1][2][4]. Electric Revenue Summary - The settlement agreement proposes an increase in annual base electric revenues by $19.5 million (6.3%) effective September 1, 2025, and by $14.7 million (4.5%) effective September 1, 2026 [2][10]. - A residential electric customer using an average of 939 kilowatt hours per month would see a 6.7% increase of $6.95 per month for a revised bill of $111.25 effective September 1, 2025, and a 4.7% increase of $5.22 per month for a revised bill of $116.47 effective September 1, 2026 [5]. - The overall electric revenue impact varies by rate schedule, with the total billing change for 2025 being 6.6% and for 2026 being 4.6% [7]. Natural Gas Revenue Summary - The settlement agreement proposes an increase in annual base natural gas revenues by $4.6 million (9.2%) effective September 1, 2025, and a decrease of $0.2 million (0.4%) effective September 1, 2026 [2]. - A residential natural gas customer using an average of 66 therms per month would see a 6.8% increase of $4.11 per month for a revised bill of $64.74 effective September 1, 2025, with no rate change effective September 1, 2026 [6]. - The total natural gas revenue impact for 2025 is 5.4%, with a slight decrease of 0.2% in 2026 [8]. Financial Structure - The settlement includes a 9.6% return on equity (ROE) with a common equity ratio of 50% and a rate of return (ROR) on rate base of 7.28% [3][11]. - The original request from Avista aimed for a higher increase in annual base revenues, with $43.0 million (14.4%) for electric and $8.8 million (10.3%) for natural gas [10]. Customer Impact and Services - The settlement is designed to provide fair and reasonable rates for customers, allowing for longer recovery periods for certain deferred costs, which helps mitigate bill impacts [4]. - Avista serves over 145,000 electric and 93,000 natural gas customers in Idaho, indicating a significant customer base affected by these changes [9].