TECO

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.

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.

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.

Utility leaders say they are responding to a trend of stronger and more unpredictable hurricanes as the 2024 outlook calls for what may be the busiest hurricane season ever.

Carrying out a controversial law signed last week by Gov. Ron DeSantis, officials have started moving to repeal state renewable-energy goals.

Top Florida utility officials said Tuesday increased intensity and unpredictability of hurricanes is making storm preparation more difficult --- and expensive.

Existing coal and new natural gas-fired power plants that run more than 40% of the time will have to eliminate 90% of their carbon dioxide emissions.

Electric bills will be reduced starting in June due to lower-than-expected natural gas costs.

Duke and Tampa Electric this month proposed passing along savings to customers because of reduced prices of natural gas, which plays a major role in fueling power plants.

Duke Energy Florida on Monday joined Tampa Electric Co. in seeking approval to reduce customer bills in June because of lower-than-expected costs of natural gas.

State regulators Tuesday approved a plan that will trim Florida Power & Light customers' monthly bills because of lower-than-expected natural gas costs, while Duke Energy Florida and Tampa Electric Co. said they will seek similar reductions.

TECO sent a letter to the chairman of the Florida Public Service Commission, asking to raise profits through a series of rate increase that would increase revenues by a total of more than $1.1 billion over the next three years.