AARP Florida: FPL’s Proposed Settlement Prioritizes Corporate Interests Over Consumers

TALLAHASSEE, Fla. — AARP Florida is expressing strong concerns about Florida Power & Light’s (FPL) newly filed settlement agreement, noting that it prioritizes corporate and business interests over the needs of residential customers.

The agreement, filed August 20th with the Florida Public Service Commission (PSC), would lead to increases of $945 million in 2026 and $766 million in 2027, with additional increases tied to solar and battery storage projects in 2028 and 2029. While the settlement reduces the utility’s original request, residential customers and their advocates were not included in the negotiations.

“We are deeply concerned that none of the residential consumer advocates, including the Office of Public Counsel, were included in these discussions,” said Zayne Smith, Senior Director of Advocacy for AARP Florida. “This exclusion sends a troubling message that big business and utility interests are being prioritized over the needs of everyday Floridians. A public hearing is essential to ensure transparency, give all stakeholders a voice and protect the best interests of Florida’s consumers.”

Smith emphasized that the proposed settlement only strengthens the case for legislative reforms like Senator Don Gaetz’s proposed legislation, which would enhance transparency and accountability in utility regulation decision made by the PSC.

“This settlement leaves residential customers on the hook while corporations get special treatment,” Smith added. “That’s why AARP Florida will continue fighting for fairness, accountability and consumer protections.”

The PSC is expected to hold a hearing this fall to determine whether the settlement will be approved. AARP Florida urges regulators to ensure that consumers—not just corporate interests—have a seat at the table.