Florida Power & Light (FPL), the largest electric utility in the United States, said it has approval from the regulator to increase customers' base rates over the next four years, which critics say could cost consumers billions of dollars amid the country's affordability crisis. FPL serves about 12 million people, making it an influential force in the industry and potentially setting a precedent for other companies. The increase comes after several years of high inflation, with the cost of

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