Florida SB 1532: Florida Public Service Commission

Bill Text

1532 
Florida Public Service Commission 
2026-01-09T03:14:12Z 
Requiring the commission to implement specified measures to improve transparency and accountability; requiring the commission to ensure that public utilities do not recover certain costs from ratepayers regardless of whether such costs take a specified form; requiring the commission to ensure that the allowable return on equity for public utilities does not exceed certain metrics; requiring that certain cost-tracking mechanisms for a public utility to recover changes in electric supply costs provide a specified cost-sharing structure, etc. 
Original Filed Version 
2026 
S 
2026-07-01T00:00:00Z 
GB 
General Bill 
__ 

 Florida Senate - 2026 SB 1532 

 By Senator Smith 

 17-00432B-26 20261532__ 
 1 A bill to be entitled 
 2 An act relating to the Florida Public Service 
 3 Commission; amending s. 366.03, F.S.; providing 
 4 legislative findings; requiring the commission to 
 5 implement specified measures to improve transparency 
 6 and accountability; amending s. 366.041, F.S.; 
 7 requiring the commission to ensure that public 
 8 utilities do not recover certain costs from ratepayers 
 9 regardless of whether such costs take a specified 
 10 form; authorizing the commission to adopt rules; 
 11 requiring the commission, upon a certain 
 12 determination, to order a utility to refund certain 
 13 amounts plus interest to customers; authorizing the 
 14 commission to assess certain penalties; providing 
 15 requirements for such penalties; providing for relief; 
 16 amending s. 366.06, F.S.; requiring the commission to 
 17 ensure that the allowable return on equity for public 
 18 utilities does not exceed certain metrics; amending s. 
 19 366.07, F.S.; requiring that certain cost-tracking 
 20 mechanisms for a public utility to recover changes in 
 21 electric supply costs provide a specified cost-sharing 
 22 structure; amending s. 366.81, F.S.; providing a 
 23 legislative directive to the commission to adopt 
 24 certain rules and measures; providing requirements for 
 25 such rules; making technical changes; amending s. 
 26 377.814, F.S.; conforming a cross-reference; providing 
 27 an effective date. 
 28 
 29 Be It Enacted by the Legislature of the State of Florida: 
 30 
 31 Section 1. Section 366.03, Florida Statutes, is amended to 
 32 read: 
 33 366.03 General duties of public utility; transparency and 
 34 accountability.— 
 35 (1) Each public utility shall furnish to each person 
 36 applying therefor reasonably sufficient, adequate, and efficient 
 37 service upon terms as required by the commission. A No public 
 38 utility is not shall be required to furnish electricity or gas 
 39 for resale except that a public utility may be required to 
 40 furnish gas for containerized resale. All rates and charges 
 41 made, demanded, or received by any public utility for any 
 42 service rendered, or to be rendered by it, and each rule and 
 43 regulation of such public utility, must shall be fair and 
 44 reasonable. A No public utility may not shall make or give any 
 45 undue or unreasonable preference or advantage to any person or 
 46 locality, or subject the same to any undue or unreasonable 
 47 prejudice or disadvantage in any respect. 
 48 (2) The Legislature finds that transparency and 
 49 accountability in the form of clear reporting, accessible public 
 50 hearings, and strong disclosure standards bolster the public 
 51 trust in public utilities and ensure that decisions are made in 
 52 the best interest of all residents. The commission shall 
 53 implement measures to improve transparency and accountability by 
 54 providing, at a minimum, all of the following: 
 55 (a) At least one in-person public service hearing per every 
 56 250,000 customers, held in a reasonable location near those 
 57 customers, or at least one in-person public service hearing held 
 58 in each county where the public utility provides service, if the 
 59 county has fewer than 250,000 residents. 
 60 (b) Public access to information regarding the compensation 
 61 of the executive officers of each public utility providing 
 62 service, or the compensation of the executive officers of a 
 63 public utility’s subsidiaries. 
 64 Section 2. Section 366.041, Florida Statutes, is amended to 
 65 read: 
 66 366.041 Rate fixing; adequacy of facilities as criterion; 
 67 cost recovery prohibitions.— 
 68 (1) In fixing the just, reasonable, and compensatory rates, 
 69 charges, fares, tolls, or rentals to be observed and charged for 
 70 service within this the state by any and all public utilities 
 71 under its jurisdiction, the commission is authorized to give 
 72 consideration, among other things, to the efficiency, 
 73 sufficiency, and adequacy of the facilities provided and the 
 74 services rendered; the cost of providing such service and the 
 75 value of such service to the public; the ability of the utility 
 76 to improve such service and faci