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Progress Energy Florida Seeks 6 Percent Rate Cut

By: AP
By: AP

TALLAHASSEE, Fla. (AP) -- Progress Energy Florida is seeking a 6 percent rate reduction for residential customers in 2013 due to lower fuel and purchased power costs.

The St. Petersburg-based utility filed its request Friday with the Florida Public Service Commission.

The proposal would cut the overall bill for 1,000 kilowatt hours per month, which is about average, by $7.44 down to $115.75.

The reduction would include a $129 million refund to customers the commission already has approved for 2013 as part of a prior rate settlement with the utility.

It purchases power from other sources to cover shortfalls including those resulting from the extended shutdown of a nuclear reactor in Crystal River.

Progress, a subsidiary of North Carolina-based Duke Energy, serves 1.6 million homes, businesses and other customers in central and north Florida.

AP-WF-08-31-12 1746GMT


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