Gulf, which has about 460,000 customers in Northwest Florida, reduced electric rates in April because of the federal tax law, which, in part, cut corporate income-tax rates. The utility said in a news release that additional savings from the tax overhaul will be passed along to customers in 2019.
It also said lower bills will result from reduced costs for such things as power-plant fuel and environmental projects. Gulf’s plans still require approval from the Florida Public Service Commission. But if they are approved, average residential customers who use 1,112 kilowatt hours of electricity a month would see their bills go from $143.79 to $141.09, the utility said. The reductions would take effect in January.
Reposted with permission from The News Service of Florida