TALLAHASSEE — Florida Power & Light customers will receive about $80 million in refunds stemming from charges imposed for storm restoration work from the 2024 hurricane season, state regulators determined Tuesday.<\/p>\n
The Public Service Commission approved the refund, which will result in a one-month reduction in base rates to reflect any “revenue over-recovery” charges from the Juno Beach-based FPL, which serves more than 12 million Floridians across 43 counties.<\/p>\n
\u201cMaintaining a reliable and resilient electric grid requires continued investment, and the commission\u2019s review helps ensure customers pay only the reasonable and necessary costs of restoring service while supporting a reliable electric system for all Floridians,\u201d PSC Chairwoman Gabriella Passidomo Smith said in a released statement.<\/p>\n
The state utility regulators approved the initial $1.2 billion repair charge in December 2024, which added about $12 to the average monthly bill during 2025.<\/p>\n
The recovery package aimed to cover power restoration costs for Hurricanes Debby, Helene and Milton. The money also helped replenish a $150 million storm reserve fund.<\/p>\n
Much of the projected costs — about $811.1 million — stemmed from restoring power after Hurricane Milton, which made landfall Oct. 9, 2024 as a Category 3 storm in Sarasota County before crossing the state.<\/p>\n
FPL put its costs for Hurricane Debby, a Category 1 storm that hit the Big Bend region in early August 2024, at $113.5 million. Hurricane Helene, a Category 3 storm that ran up the west coast before making landfall Sept. 26, 2024 in Taylor County, cost $157.8 million.<\/p>\n
The approved package was deemed \u201cinterim,\u201d as the commission noted in a release at the time that the charges were subject to a refund, with interest, pending further review once the total actual recovery costs were known.<\/p>\n
In an agreement reached between FPL and the state Office of Public Counsel, the restoration work for Milton was later calculated at $774.4 million. The work for Helene came in at $167.6 million and the cost for Debby was $88.3 million.<\/p>\n
A similar deal was approved in May for Duke Energy Florida to provide a $90.5 million refund for over-collections from the 2024 hurricane season.<\/p>\n
The Duke refund, which started to be imposed in the June billing cycle, was about 56 cents per 1,000 kilowatt hours of use. The payout will continue through September.<\/p>\n
After Hurricanes Debby, Helene and Milton struck in 2024, Duke was approved to charge residential customers $33 per 1,000 kilowatt-hours starting in March 2025. The storm-charge was collected through January 2026.<\/p>\n
Duke has more than 2 million customers across 35 counties in Florida. The company collected slightly more than $1 billion for storm-related costs that ultimately came to $915.3 million, according to the PSC, spurring the need for the refund.<\/p>\n","protected":false},"excerpt":{"rendered":"TALLAHASSEE — Florida Power & Light customers will receive about $80 million in refunds stemming from charges imposed…\n","protected":false},"author":2,"featured_media":332584,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28,30,29],"class_list":["post-332583","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-florida","tag-florida-headlines","tag-florida-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/332583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=332583"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/332583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/332584"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=332583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=332583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=332583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}