Duke Energy

The Florida Public Service Commission (PSC) today reduced costs for Duke Energy Florida, LLC (DEF) and Tampa Electric Company (TECO) customers, approving both companies’ settlement agreements to lower costs to restore electric service caused by damage from recent named storms. [Read more…] about Florida PSC Votes to Reduce Storm Costs for Duke Energy Florida and Tampa Electric Company Customers

The Florida A&M University (FAMU) Board of Trustees today approved a partnership with Duke Energy Florida (DEF) to build a solar facility in Central Florida that will benefit students, faculty, utility customers and Floridians. [Read more…] about FAMU and Duke Energy Partner to Soak in Florida’s Sunshine Through Solar Energy

The Florida Public Service Commission (PSC) today approved a wide-ranging Settlement Agreement for Duke Energy Florida, LLC (DEF) that eliminates constructing nuclear reactors in Levy County and boosts large scale solar, electric vehicles, and battery storage programs.
Reached with the Office of Public Counsel, representing consumers, the Settlement Agreement was also signed by the Florida Retail Federation, the Florida Industrial Power Users Group, White Springs Agricultural Chemicals, Inc. d/b/a PCS Phosphate, and the Southern Alliance for Clean Energy.
Following are some terms included in the approved Settlement Agreement:
Levy Nuclear Project: DEF will not continue the project and will not recover about $150 million in remaining customer costs.
Fuel Costs in 2018: DEF recently filed a request to recover about $196 million in unanticipated power-plant fuel costs. Under the agreement, DEF will reduce this customer charge by recovering the costs over two years, instead of one.
Solar Projects: DEF will build about 175 megawatts of solar-generation each year for four years and can seek base rate increases to pay for the projects starting in 2019.
Base Rates: DEF’s proposed 2018 bill increases are reduced and annual incremental increases are limited to 1 to 3 percent from 2019 to 2021. DEF is prevented from seeking additional base rate increases until at least 2021.
The agreement is effective upon Commission approval, and changes to customer bills will occur in January 2018.
For additional information, visit www.floridapsc.com.

The Florida Public Service Commission (PSC) will hold a hearing Wednesday, October 25, 2017, on Duke Energy Florida, LLC’s (DEF) petition to approve its revised and restated stipulation and settlement agreement.
Following this, the PSC will begin its Cost Recovery Clause hearings to determine 2018 cost recovery charges for customers of Florida’s five investor-owned utilities.
The hearings are scheduled for the following times and location:

Wednesday, October 25, 2017
DEF Limited Proceeding
9:30 a.m.
Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
Tallahassee, Florida

The Cost Recovery Clause hearings will begin after the DEF hearing concludes. In addition, October 26-27, 2017, are reserved to continue the hearing, if needed. The starting time of the next day’s session will be announced at the conclusion of each day.
The hearings will be broadcast on the Florida Channel (check your local listings) and is available online at www.floridapsc.com (look for the “Watch Live Broadcast” icon on the left side of the web page).
For additional information, visit www.floridapsc.com.