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PSC delays action on Tampa Electric rate increase

State regulators delayed action Monday on Tampa Electric's proposed rate increase to review a settlement agreement the utility reached with consumer advocates. The Public Service Commission will meet again at 9:30 a.m. Wednesday to consider the settlement. The agreement proposes to raise residential rates by $5.67 per 1,000 kilowatt hours starting Nov. 1. Tampa Electric, a subsidiary of TECO Energy, also wants to increase its fuel charge on Jan. 1, by $1.27 per 1,000 kilowatt hours of usage to cover additional fuel costs. The two increases would bring the average customer's bill from $102.58 to $109.57. If the PSC rejects the agreement, commissioners will consider Tampa Electric's original rate increase, which was almost twice as much.

PSC delays action on Tampa Electric rate increase 09/09/13 [Last modified: Tuesday, September 10, 2013 12:47pm]
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