FL H0187

Florida Public Service Commission membership increases from 5 to 7 commissioners, with one required to be a certified public accountant and one a chartered financial analyst

Commission orders must contain adequate support and rationale for conclusions, including specific facts and factors; settlement agreement orders must include discussion of major elements and reasoning

Allowable return on equity for public utilities cannot exceed the national average authorized return on equity for comparable public utilities nationwide

Commission must establish a schedule for when each public utility company may submit rate change requests

Annual report to the Governor and Legislature due by March 1 must include analysis of rate changes, return on equity models, executive compensation details (salaries, bonuses, stock options), and benchmarking comparisons with utilities in other states

Effective date: July 1, 2026