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flag Florida approves $7B utility rate hike, raising electricity costs immediately.

flag The Florida Public Service Commission has approved a $7 billion rate hike for utility companies, marking a significant increase in electricity costs for consumers across the state. flag The decision, effective immediately, aims to cover rising infrastructure and operational expenses. flag Utility providers cited increasing maintenance needs, extreme weather impacts, and rising fuel costs as key reasons for the increase. flag The move has sparked concern among residents and businesses over affordability.

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