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NEWS RELEASE


01/08/2010 Contact: 850-413-6482

Florida Public Service Commission to Consider Progress Energy Revenue Requirements


TALLAHASSEE — The five-member Florida Public Service Commission (PSC) will hold a Special Agenda Conference on Monday, January 11, 2010, to consider a staff recommendation addressing the revenue requirements in Progress Energy Florida’s (PEF) requested rate increase.

In March 2009, PEF filed a petition with the PSC requesting a base rate increase.  The Commission held nine customer service hearings in PEF service territory in July 2009, where PSC Commissioners heard from hundreds of customers about the utility’s proposed rate increase and its quality of service.  In September, a technical hearing was held in Tallahassee, where evidence and testimony was presented from witnesses for PEF and intervenors in the case.

PEF provides electric service to more than 1.6 million customers in 35 Florida counties.  The utility was last granted a general base rate increase in 1993.

The Special Agenda Conference is scheduled for the following time and location:

Monday, January 11, 2010
9:30 a.m.
Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
Tallahassee, Florida

The meeting is available online at www.floridapsc.com by selecting “Commission Calendar” on the top right of the Web page.

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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