summary
Introduced
01/09/2026
01/09/2026
In Committee
01/16/2026
01/16/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An act relating to the Florida Public Service Commission; amending s. 366.03, F.S.; providing legislative findings; requiring the commission to implement specified measures to improve transparency and accountability; amending s. 366.041, F.S.; requiring the commission to ensure that public utilities do not recover certain costs from ratepayers regardless of whether such costs take a specified form; authorizing the commission to adopt rules; requiring the commission, upon a certain determination, to order a utility to refund certain amounts plus interest to customers; authorizing the commission to assess certain penalties; providing requirements for such penalties; providing for relief; amending s. 366.06, F.S.; requiring the commission to ensure that the allowable return on equity for public utilities does not exceed certain metrics; amending s. 366.07, F.S.; requiring that certain cost-tracking mechanisms for a public utility to recover changes in electric supply costs provide a specified cost-sharing structure; amending s. 366.81, F.S.; providing a legislative directive to the commission to adopt certain rules and measures; providing requirements for such rules; making technical changes; amending s. 377.814, F.S.; conforming a cross-reference; providing an effective date.
AI Summary
This bill aims to enhance transparency and accountability for public utilities in Florida and modify how certain costs are handled. It mandates that the Florida Public Service Commission (PSC) implement measures like holding public hearings in accessible locations and making executive compensation information public. The bill also prohibits utilities from recovering specific costs from customers, including more than half of executive compensation, tax penalties, investor relations expenses, and certain advertising or lobbying-related costs. If a utility improperly recovers costs, the PSC must order a refund with interest and can impose penalties. Furthermore, the bill requires the PSC to ensure that a utility's allowable return on equity (profit margin) does not exceed the national average for similar utilities and that any mechanism for recovering changes in electric supply costs includes a cost-sharing structure where customers pay no more than 80% and the utility pays at least 20%. Finally, it directs the PSC to adopt rules for performance-based incentives and penalties for electric utilities, linking their profits to efficiency, reliability, and cost-effectiveness, and makes a technical change to a cross-reference within state law.
Sponsors (1)
Last Action
Introduced (on 01/22/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2026/1532 |
| BillText | https://www.flsenate.gov/Session/Bill/2026/1532/BillText/Filed/HTML |
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