The Committee on Regulated Industries of the Florida State Legislature convened on March 12, 2025, to discuss key legislative measures impacting public utilities and ratepayer protections. The meeting focused primarily on a bill aimed at enhancing oversight of storm protection plans proposed by public utilities.

The session began with President Gates acknowledging the collaborative efforts on the bill, emphasizing the importance of ensuring that Public Service Commission (PSC) orders include adequate findings and conclusions. The discussion highlighted the need for a thorough review of storm protection plans, stressing that these plans must not only serve the public interest but also be prudent and reasonable, particularly given the substantial financial implications for ratepayers.

Senator Ngolia raised concerns regarding the current process, which only requires a basic presentation of costs and benefits without a deeper analysis of their reasonableness. The proposed amendment seeks to mandate that the PSC evaluate whether the costs associated with benefits are justified, thereby enhancing the scrutiny of plans before they are implemented.

Senator Gates concluded the discussion by noting the absence of Certified Public Accountants (CPAs) on the PSC staff, which he acknowledged as a gap in the analytical capacity of the commission. He urged the committee to favorably report the bill, emphasizing that while it may not guarantee lower rates, it would ensure that public utilities justify any rate increases and clearly articulate the expected return on investment.

The committee proceeded to vote on the bill, with a majority in favor, resulting in the bill being reported favorably. Senators were also given the opportunity to record their votes on additional tabs, with several affirmatives noted.

As the meeting wrapped up, Senator Claudio moved to adjourn, concluding a session focused on enhancing accountability and transparency in Florida's public utility sector. The committee's actions reflect ongoing efforts to protect ratepayers and ensure responsible management of utility costs.