Duke Energy Florida has reached a settlement agreement with consumer representatives and other parties, significantly reducing the proposed increase to base electric rates compared to its initial request. This new proposal, which awaits approval from the state Public Service Commission, outlines a $203 million increase in 2025 and an additional $59 million in 2026. Additionally, it includes staggered increases over three years to support solar energy projects. The settlement agreement ensures residential, commercial, and industrial customers will experience lower bill increases than initially …