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Posted: 5:57 PM Nov 3, 2009
Dropping fuel prices prompts Florida to cut rates for three power companies
The Florida Public Service Commission has cut rates for three power companies due to such factors as declining fuel prices.
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The Florida Public Service Commission has cut rates for three power companies due to such factors as declining fuel prices.
The commission Tuesday also ordered Florida Power & Light Co. to refund $364 million because its current fuel rate is too high.
Customers will get a one-time credit in January of $44.46
for customers using 1,000 kilowatt hours per month.
FPL's monthly rate also will drop by $15.29 for that level of
usage.
Most of the reduction would be offset if the commission
approves a requested base rate increase that could add back up to $13.
The commission approved decreases of 5 cents for Progress Energy and $1.46 for Tampa Electric Co. customers using 1,000 kilowatt hours.
Progress is seeking a base rate increase of $9.66.
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