“As a reminder, for the period 2022 through the end of 2025, FPL plans to invest approximately $36 billion with additional significant investments expected in 2026 and beyond to continue to meet the growing needs of Florida's economy.”

In context

“ghly $1.7 trillion, an increase of approximately 7% over last year. For the fourth quarter of 2024, FPL's retail sales increased 1.1% from the prior year on a weather normalized basis, driven primarily by continued strong customer growth. In the fourth quarter of 2024, we added nearly 119,000 customers as compared to the prior year comparable quarter, bringing our total customer accounts to over 6 million. For the full year 2024, FPL's retail sales increased 1.9% from the prior year on a weather normalized basis, also driven primarily by the strong customer growth in our service territory. As John mentioned, FPL is preparing to file a base rate case proposal that would cover the four years beginning 2026 through 2029 and provide customers longer term visibility to the cost of electricity. As a reminder, for the period 2022 through the end of 2025, FPL plans to invest approximately $36 billion with additional significant investments expected in 2026 and beyond to continue to meet the growing needs of Florida's economy. This capital will allow FPL to continue delivering outstanding value for Florida customers by keeping reliability high and fuel and other costs as low as possible. While the benefit of building a stronger, smarter grid and a cleaner, more efficient generation fleet are passed along regularly to customers, through higher service reliability and lower bills, we must periodically seek recovery for these long-term investments through base rates. While the details are still being finalized, we expect the proposal to include base rate adjustments of approximately $1.55 billion starting in January of 2026 and $930 million starting in January of 2027. We also expect the proposal to request support for continued deployment of low cost generation and capacity additions and the continuation of our s”