FPL - Florida Power & Light Company
10/01/2026 | Press release | Distributed by Public on 10/01/2026 14:40
FPL rate structure protects Florida customers from data center costs
JUNO BEACH, Fla., Oct. 1, 2026 - Florida Power & Light Company today submitted a filing with the Florida Public Service Commission (PSC) describing how the company's rate structure - approved last year - a lready satisfies the customer protection requirements established by Florida's new data center law.
How we got here: Due to growing interest from data centers and other large energy users , FPL proactively developed a comprehensive large load rate structure last year during its 2026-2029 rate-setting process. Core to FPL's rate structure was ensuring large load customers pay the full cost of new power generation required to serve their significant de mand while protecting existing customers. After extensive review, the PSC unanimously approved FPL's customer protection s in November 2025. In 2026 , Florida enacted SB 484, establishing statewide requirements to protect existing utility customers from bearing the costs of serving data centers . Today's filing addresses how the PSC-approved framework satisfies those requirements.
FPL's consumer protections : FPL's approved rate structure meets the consumer protection requirements set by SB 484, including:
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100% generation funding: Before FPL will serve a data center , the data center customer must fund an engineering study to evaluate the project's feasibility and costs to connect to the grid as well as agree to fund 100% of the cost of the new power generation needed to serve the ir project .
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Strict collateral & credit requirements: FPL's rate structure requires data center customers to meet strict collateral and credit requirements in order to reserve capacity on FPL's system .
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Transmission interconnection & substation costs: Data centers must build, own and operate their own substation, accept high-voltage service and pay up front for new or upgraded electric facilities required for their project - helping ensure existing customers are not left carrying the cost or risk of customer-specific equipment and connection work needed to plug in and serve a data center.
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Minimum bill: Once in service, data center projects are subject to a minimum bill to ensure they pay for the capacity they reserve - even if they don't use all of it.
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20-year minimum contract and e arly exit fee : To ensure data center customers honor their commitments, they must agree to a 20-year minimum contract and are subject to an exit fee for early termination , which amount s to an accelerated payment of the ir remaining generation costs. This ensures customers are not left paying for underutilized infrastructure.
A word from FPL President and CEO Scott Bores : " FPL operates with a singular focus - doing the right thing for our customers. A cross the country we saw increasing demand from large energy users , and before any large da ta centers arrived in Florida, we worked to establish , and the PSC unanimously approved, one of the nation's strongest customer-protection frameworks. It ensures data centers and other large load customers pay their own way, including 100% of the power generation needed to serve them . As more businesses choose Florida, this framework enables us to support new investment , protect existing customer and continue to deliver the reliable service and low bills our customers have come to expect."
What's next: The Florida Public Service Commission will review FPL's compliance filing to confirm the company's approved large load rate structure satisfies the requirements of SB 484.
FPL - Florida Power & Light Company published this content on October 01, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 01, 2026 at 20:41 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]