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Public Service Commission


NEWS RELEASE


11/12/2008 Contact: 850-413-6482

Fuel Charges Set for Electric Utilities


TALLAHASSEE — Florida’s Public Service Commission (PSC) approved the 2009 fuel adjustment rates for Progress Energy Florida, Tampa Electric Company, Gulf Power Company and Florida Public Utilities Company.  Florida Power & Light Company (FPL) requested a deferred decision, since it plans to file an adjusted 2009 fuel charge projection with the Commission on November 17.

The fuel adjustment charges were determined after an evidentiary hearing where the Commission considered each utility’s 2009 projected costs for fuel and purchased power as well as “trued up” costs for 2007 and 2008.

Utilities are allowed to recover only the prudently incurred costs of procuring fuel and purchased power necessary to meet customer demand and are not allowed to make a profit on fuel purchases. The fuel charge appears on customer bills as a separate line item charge.

Fuel adjustment charges for residential customers, starting in January 2009 are:

  • Progress Energy Florida, Inc.: Based on the new fuel charges, the total monthly electric bill for residential customers using 1,000 kwh will increase from the current charge of $110.59 to $137.87.
  • Tampa Electric Company: Based on the new fuel charges, the total monthly electric bill for residential customers using 1,000 kwh will increase from the current charge of $114.38 to $128.44.
  • Gulf Power Company: Based on the new fuel charges, the total monthly electric bill for residential customers using 1,000 kwh will increase from the current charge of $113.76 to $124.23.
  • Florida Public Utilities (Marianna): Based on the new fuel charges, the total monthly electric bill for residential customers using 1,000 kwh will increase from the current charge of $123.45 to $136.71.
  • Florida Public Utilities (Fernandina Beach): Based on the new fuel charges, the total monthly electric bill for residential customers using 1,000 kwh will increase from the current charge of $116.44 to $122.39.

Fuel adjustment rates for FPL are currently scheduled to be considered at the PSC’s December 2, 2008 Agenda Conference.

The PSC is committed to making sure that Florida's consumers receive their electric, natural gas, telephone, water, and wastewater services in a safe, affordable, and reliable manner. The PSC exercises regulatory authority over utilities in the areas of rate base/economic regulation; competitive market oversight; and monitoring of safety, reliability, and service.

For additional information, visit www.floridapsc.com.



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