Florida Power & Light will present a proposal to the Florida Public Service Commission on Aug. 11 that could lead to the largest utility rate hike in U.S. history. The four-year plan would raise base rates by $8.9 billion from 2026 through 2029, potentially surpassing $10 billion if FPL receives approval to hike rates again for solar and battery storage projects in 2028–29. Residential customers could see bills rise by $100 to $200 annually by 2029, on top of existing monthly surcharges. The proposal has drawn opposition from groups including AARP and the Florida Office of Public Counsel, which argue the hike would disproportionately benefit shareholders. FPL says the increase is necessary to support grid reliability and future growth.