Progress Energy deal for $288 million refund will temper customers' rate increases

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Progress Energy deal for $288 million refund will temper customers' rate increases

By: Times Staff On: Mon 20 of Feb., 2012 20:31 EST (26 Reads)

By Ivan Penn, Times Staff Writer
Monday, February 20, 2012
TALLAHASSEE — Here's what Progress Energy customers should expect from a $288 million refund they'll get over the next few years: higher electric bills. But if a settlement between the utility and the Public Counsel's Office is approved, their bills will not go up as much as they otherwise would.The average customer's bill on Jan. 1 is expected to increase $4.93 a month per 1,000 kilowatt hours of usage, from $123.19 to $128.12, subject to adjustments for fuel costs.J.R. Kelly, the state public counsel who represents customers before the Public Service Commission, called that a win."Yes, there is some increase, but I think a big portion of this settlement is balancing that with what we could potentially have seen," he said. "We could have been looking at doubling that ...

By Ivan Penn, Times Staff Writer
Monday, February 20, 2012

TALLAHASSEE — Here's what Progress Energy customers should expect from a $288 million refund they'll get over the next few years: higher electric bills. But if a settlement between the utility and the Public Counsel's Office is approved, their bills will not go up as much as they otherwise would.

The average customer's bill on Jan. 1 is expected to increase $4.93 a month per 1,000 kilowatt hours of usage, from $123.19 to $128.12, subject to adjustments for fuel costs.

J.R. Kelly, the state public counsel who represents customers before the Public Service Commission, called that a win.

"Yes, there is some increase, but I think a big portion of this settlement is balancing that with what we could potentially have seen," he said. "We could have been looking at doubling that ...

Source: http://www.tampabay.com/news/business/energy/progress-energy-deal-for-288-million-refund-will-temper-customers-rate/1216318

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