Tampa, Florida -- Today, April 5, Tampa Electric formerly requested the Public Service Commission permission to raise its residential rates by about 10 percent in January 2014.
If the adjustment is approved, Tampa Electric says its residential bills will still remain among the lowest in the state.
Back in February, Tampa Electric announced its desire to get $135 million in higher rates, or an increase of $10.41 a month, for the average residential customer who uses 1,000 kilowatt-hours a month.
If approved, the bill would remain 5 percent below the national average.
In the past four years, Tampa Electric says its residential customer bills have dropped by more than $12.
"It is important to remember that while the cost of nearly everything has gone up in recent years, Tampa Electric bills have gone down," "said Gordon Gillette, president of Tampa Electric. "We empathize with our customers who also are feeling the effects of a difficult economy. There is never a good time to raise rates, but even with this increase, Tampa Electric bills would remain among the lowest in Florida."
The PSC is expected to hold hearings about Tampa Electric's request later this year, and is expected to vote on the issue by the end of the year. The new rates would take effect in 2014.