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The Florida Supreme Court on Thursday said state regulators did not adequately justify approval of a settlement that increased base electric rates for Florida Power & Light and ordered a new explanation.
Justices, in a 4-2 opinion, sent a battle about the settlement back to the Florida Public Service Commission, saying regulators in a 2021 decision did not meet a legal requirement of showing why the agreement “is in the public interest and results in rates that are fair, just and reasonable.”
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