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The proposals would lead to customers seeing increases in their monthly bills starting in March and continuing for a year.
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Residential customers who use 1,000 kilowatt hours of electricity a month will see their monthly bills increase from $136.44 to $145.58.
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“Our residents need to start looking at future risk… start thinking about what happens when sea level rise starts combining with rainier days and stronger storms,” said Cara Wood Serra of the Tampa Bay Regional Planning Council.
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The Florida Public Service Commission, which oversees Tampa Electric, approved rate increases, higher profits, and a new fracked gas plant for MacDill Air Force Base.
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A spokeswoman for TECO said after the company was “still calculating the impact” of changes adopted by the Public Service Commission.
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Justices unanimously upheld decisions that the Florida Public Service Commission made in 2022 to approve what are known as “storm-protection plans” for Florida Power & Light, Duke Energy Florida, Tampa Electric Co. and Florida Public Utilities Co.
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Tampa Electric estimates it could seek to recover up to $55 million related to Helene and $370 for Milton.
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Starting Nov. 1, visitors can check out the manatees as they seek refuge in TECO's warm waters in Apollo Beach.
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Tampa Electric asked the commission to approve a $287.98 million increase in 2025, followed by increases of $92.37 million in 2026 and $65.47 million in 2027.
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Florida regulators dug into a proposal that would lead to TECO raising base electric rates in the coming years, with representatives of consumers and businesses arguing the proposal should be scaled back.
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Tampa Electric customers shared how their energy bills impact their lives. We heard from a senior citizen, a college student and a mother of six, among a couple dozen others.
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For TECO customers, the average bill would rise to $160.93 a month in January 2025. And for Duke customers, it would mean an increase of $16.48 per month.