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ST. PETERSBURG, Fla. Duke Energy Florida (DEF), consumer representatives and business groups have reached a sweeping agreement that will advance the clean energy vision for the state, introduce innovative programs for customers, retire coal plants faster and bring additional certainty to rates through 2024.
The agreement, filed on Jan. 14, is subject to approval by the Florida Public Service Commission (FPSC). Duke Energy Florida hopes to have a decision by second quarter 2021.
It includes investments to modernize the electric grid and improve reliability, offers new electric vehicle charging station programs, and supports pilot programs for innovative technology such as microgrids and floating solar pilot projects.
Settlement could increase rates for Duke Energy customers
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TALLAHASSEE, Fla. - Duke Energy Florida is asking state regulators to approve a proposed settlement that would lead to about $195 million in rate increases over three years and avoid a potentially lengthy and expensive battle over base rates.
Duke, which has more than 1.8 million customers in Florida, filed a proposal Thursday at the Florida Public Service Commission after reaching agreement with representatives of consumers and large commercial electricity users.
If approved by the commission, the settlement would set base rates from 2022 through 2024 and resolve a series of other issues. Ultimately, this 2021 settlement agreement between DEF (Duke Energy Florida) and the parties who represent customers’ interests before the commission is a fair, reasonable, and comprehensive resolution of matters that is in the best interests of DEF and its customers, and that is therefore in the public inter
Duke Energy workers in the Florida Panhandle after Hurricane Sally.
If approved, Duke Energy Florida residential customers would see bill increases of 3 to 4% in 2022, and annual increases of 1 to 2% in 2023 and 2024.
Duke Energy Florida is asking state regulators to approve a proposed settlement that would lead to about $195 million in rate increases over three years and avoid a potentially lengthy and expensive battle over base rates.
Duke, which has more than 1.8 million customers in Florida, filed a proposal Thursday at the Florida Public Service Commission after reaching agreement with representatives of consumers and large commercial electricity users.
If approved by the commission, the settlement would set base rates from 2022 through 2024 and resolve a series of other issues.
Duke Energy Florida, key consumer groups reach sweeping agreement for building a smarter energy grid
- Collaborative agreement includes investments in grid modernization and electric vehicle charging stations.
- Accelerated retirement of coal plants.
- Company eliminates credit card fees from residential bill payments and offers new residential rate to enhance customer choices.
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ST. PETERSBURG, Fla., Jan. 15, 2021 /PRNewswire/ Duke Energy Florida (DEF), consumer representatives and business groups have reached a sweeping agreement that will advance the clean energy vision for the state, introduce innovative programs for customers, retire coal plants faster and bring additional certainty to rates through 2024.