Make us your home page
Instagram

Progress Energy rates to drop 11%

Progress Energy bills will drop by 11 percent starting in April, after the Florida Public Service Commission unanimously approved the utility's request to lower bills.

"We have a responsibility to keep electric service affordable for Florida's residents, while also making sure service is reliable," said Matthew Carter, the commission chairman, on Tuesday.

The decrease comes to about $15 for the first 1,000 kilowatt hours. For the average residential customer using 1,200 kilowatt hours a month, the savings will come to $18 a month.

"We worked hard to provide price relief for our customers during this unprecedented economic climate. We've listened to our customers and lowered our price to provide some short-term help," said Jeff Lyash, president and chief executive of Progress Energy.

Progress Energy, which serves more than 1.6 million customers in 35 counties in north and central Florida, increased bills by 24 percent starting in January to pay for its $17 billion nuclear plant and sharply higher 2008 fuel costs.

Since then, public outrage at the higher bills prompted the utility to decrease the nuclear charge, while lower fuel costs allowed it to decrease the fuel charge.

Asjylyn Loder can be reached at aloder@sptimes.com or (813) 225-3117.

Progress Energy rates to drop 11% 03/17/09 [Last modified: Thursday, March 19, 2009 12:12pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Florida GDP growth in first quarter 2017 ranks 21st among states, still outpacing U.S.

    Economic Development

    Florida's gross domestic product or GDP rose 1.4 percent in the first quarter, slightly faster than the nation's growth of 1.2 percent and placing Florida 21st among the states for growth rates, according to the U.S. Bureau of Economic Analysis.

    Not too hot. Not too cold.

    These Jackson Square Townhomes began hitting the west Hillsborough County market late last year and continued to be sold into the first quarter of 2017. The real estate sector was the biggest driver of Florida's gross domestic product, which rose 1.4 percent in the first quartrer of 2017.  [JAMES BORCHUCK   |   Times]
  2. A new app will help you find your favorite Tampa Bay food trucks

    Food & Dining

    What's new: Food tech

    Local food businesses are embracing new technologies and partnerships to bring us extra deliciousness.

    Michael Blasco of Tampa Bay Food Trucks says that everyone always asked about an app to help find their favorite food trucks. There is, available for iPhones and Droids.
  3. Another Pinellas foreclosure auction fools bidders, raises questions

    Real Estate

    For the second time in six weeks, a company connected to lawyer Roy C. Skelton stood poised to profit from a Pinellas County foreclosure auction that confused even experienced real estate investors.

    A Palm Harbor company bid  $112,300 for  this Largo townhome at a foreclosure auction July 21 not realizing the auction involved a second mortgage, connected to lawyer and  real estate investor Roy Skelton -- and that the bank could still foreclose on the  first mortgage.
[SUSAN TAYLOR MARTIN   |   Times]
  4. Clearwater-based USAmeriBank acquired by New Jersey bank in $816 million deal

    Banking

    CLEARWATER — USAmeriBancorp, Inc., based in Clearwater, is being acquired by New Jersey's Valley National Bancorp in an $816 million deal, it was announced today.

    Joe Chillura, CEO of USAmeribank, shown inside a branch in Ybor City in this file photo.
[KATHLEEN FLYNN l Times]
  5. Outback Steakhouse sees growth in U.S. and Brazil markets in second quarter

    Retail

    TAMPA — The parent company of Outback Steakhouse and Carrabba's Italian Grill hopes investing in restaurant delivery and international expansion will stem sluggish sales and slumping traffic at its U.S. restaurants.

    The Outback Steakhouse, on 4088 Park St. N, is showin on July 26, 2017. Restaurant sales were up at Outback Steakhouse  and Carrabba's Italian Grill during the second quarter of 2017, but Bonefish Grill continues to lag at Tampa-based Bloomin' Brands. [SCOTT KEELER | Times]