Progress Energy Florida To Ask For 31% Rate Hike

[flvegan]

TAMPA - Progress Energy Florida customers could pay a lot more for electricity beginning next year, the St. Petersburg-based utility said this morning.

The utility is seeking approval to increase electric bills 31 percent in 2009 to cover costs for fuel, the construction of two nuclear reactors in Levy County, and reducing emissions from the company's coal-fired power plants.

For residential customers using 1,000 kilowatt hours a month, monthly bills would rise from $110.59 to $144.86 in January.

http://www2.tbo.com/content/2008/aug/29/progress-energy-florida-ask-31-rate-hike/

Just an FYI for any DUers using Progress.