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Nigeria's president approved a $2 billion plan to clear power sector debts that have kept millions in the dark for over a decade. The settlement could finally bring reliable electricity to homes and businesses across Africa's most populous nation.
Nigeria is settling $2 billion in decade-old electricity debts to finally give its citizens reliable power. The first payments are already flowing to 15 power plants, with more stability expected soon.
Florida lawmakers are pushing legislation to stop soaring electric bills by capping utility company profits and tying them to energy efficiency. The Affordable Energy Reform Act would force companies to match the national average for returns, potentially saving families hundreds of dollars a year.