The Florida Public Service Commission (PSC) today approved Tampa Electric Company’s (TECO) request to purchase power from Pasco County’s Waste-to-Energy Facility, beginning in January 2025.
“TECO’s use of this renewable energy will promote its fuel diversity and, overall, benefit its customers,” said PSC Chairman Andrew Fay. “The purchased power agreement is cost-effective, breaking even during the first year, and will also enhance TECO’s system reliability.”
Under the ten-year agreement term, Pasco County will sell TECO 21 megawatts (MW) from its WTE Facility with the option to increase the renewable energy purchase to 25 MW following system upgrades. TECO estimates that the cost-effectiveness over the ten-year term will range from $1.2 million to $9 million, due to savings from reduced fuel, deferred generation capital, fixed O&M, and deferred natural gas transport.
TECO serves more than 800,000 customers in West Central Florida.
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