Duke, FPL Approved For Lower Monthly Bills

The Florida Public Service Commission on Thursday approved reductions in the monthly bills of customers of the state's largest electric utilities.

The regulatory board approved a request by Duke Energy Florida to end in May --- two years earlier than planned --- a fixed monthly charge of $3.45 per 1,000 kilowatt hours of electricity.

Customers pay that amount for costs related to a scuttled nuclear project in Levy County.

Regulators and utilities commonly use 1,000 kilowatt hours as a benchmark for residential customers, though many homes consume larger amounts of electricity each month.

Duke spent approximately $1.1 billion on the nuclear project, including the purchase of 5,200 acres and equipment, research regarding 200 miles of transmission lines and a state site certification.

The reduction is expected to bring the typical monthly bill to $121.94, according to Duke.

The commission also approved a request by Florida Power & Light to reduce the typical residential monthly 1,000-kilowatt hour bill by $3.01 due to savings on fuel costs.

Starting in May, the typical residential bill will be $97.11, down from $100.12 in April, according to FPL.

The utility's business customers are also expected to see a 3 percent to 6 percent decrease, depending on the rate class and type of service.

From our media partner News Service of Florida

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