Duke Seeks to Collect $513 Million in Storm Costs

Duke Energy Florida asked state regulators Thursday to approve a proposal to collect $513 million from customers to cover the costs of Hurricane Irma and replenishing a storm reserve.

Duke plans to recover the money over a three-year period, starting in March, according to a news release and a filing with the Florida Public Service Commission. A residential customer who uses 1,000 kilowatt hours of electricity a month would see a monthly bill increase of $5.20.

Commercial and industrial customers would see increases of 2.5 percent to 6.6 percent, the utility said. Hurricane Irma made landfall Sept. 10 in Monroe and Collier counties and barreled up the state, temporarily knocking out electricity for millions of Floridians. “This past hurricane season impacted Florida significantly, from damaging homes and infrastructure to affecting agriculture and tourism.

Duke Energy Florida understands the impact this filing has on both our residential and business customers,” Harry Sideris, Duke Energy Florida state president, said in a prepared statement Thursday. “We will continue making smart investments to significantly enhance service reliability throughout the year, including during storm season.”

Reposted with permission from The News Service of Florida

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