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Progress Energy Florida seeks 6 percent rate cut

5:15 PM, Aug 31, 2012   |    comments
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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.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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