Make us your home page

Regulators to hold public hearing on Tampa Electric's rate increase request

Tampa Electric wants its average residential customer to pay an extra $10.41 a month.

Tonight, the utility's customers get their chance to weigh in on the proposed rate hike during an evening hearing with the five-member Public Service Commission at Hillsborough Community College's Dale Mabry campus.

The state Office of Public Counsel, which represents consumers before the Public Service Commission, opposes the increase. And AARP plans to speak against the rate hike during the hearing.

"For Florida consumers, specifically seniors living on a fixed income, it's troubling to know that TECO is asking for rates that would increase revenue and give its shareholders returns of 11.25 percent," Kathy Marma, an AARP spokeswoman, said in a statement Tuesday. "The extra costs represent an unfair burden on Florida consumers of all generations, especially older Floridians."

The utility also wants to bump up what its commercial and industrial customers pay by 6 percent. The rate hike is needed to offset rising costs and sluggish growth, the utility said.

At the time Tampa Electric announced the proposed rate increase, the utility stated that it recognized some customers would be hit hard.

"There is never a good time to raise rates, and we empathize with our customers who are also feeling the effects of a difficult economy," said Gordon Gillette, president of Tampa Electric. "The pace of the economic recovery has not been what anyone predicted. We have worked diligently to keep costs low, but costs continue to outpace growth."

The PSC must approve the proposed rate hike, which would increase the average residential customer's bill from $102.58 per 1,000 kilowatt hours of usage a month to about $113.

Today's hearing with the PSC will be held 6 p.m. at the Hillsborough Community College/Dale Mabry Campus Students Services Auditorium, DSTU Building Room 111, 4001 W Tampa Blvd., Tampa.

Ivan Penn can be reached at or (727) 892-2332.

Regulators to hold public hearing on Tampa Electric's rate increase request 05/28/13 [Last modified: Tuesday, May 28, 2013 9:12pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Pinellas construction licensing board needs to be fixed. But how?

    Local Government

    LARGO –– Everyone agrees that the Pinellas County Construction Licensing Board needs to be reformed. But no one agrees on how to do it.

    Rodney Fischer, former executive director of the Pinellas County Construction Licensing Board Rodney, at a February meeting. His management of the agency was criticized by an inspector general's report. [SCOTT KEELER   |   Times]

  2. New owners take over downtown St. Petersburg's Hofbräuhaus


    ST. PETERSBURG — The downtown German beer-hall Hofbräuhaus St. Petersburg has been bought by a partnership led by former Checkers Drive-In Restaurants president Keith Sirois.

    The Hofbrauhaus, St. Petersburg, located in the former historic Tramor Cafeteria, St. Petersburg, is under new ownership.

  3. Boho Hunter will target fashions in Hyde Park


    Boho Hunter, a boutique based in Miami's Wynwood District, will expand into Tampa with its very first franchise.

    Palma Canaria bags will be among the featured items at Boho Hunter when it opens in October. Photo courtesy of Boho Hunter.
  4. Gallery now bringing useful art to Hyde Park customers


    HYDE PARK — In 1998, Mike and Sue Shapiro opened a gallery in St. Petersburg along Central Ave., with a majority of the space dedicated to Sue's clay studio.

     As Sue Shapiro continued to work on her pottery in St. Petersburg, her retail space grew and her studio shrunk. Now Shapiro's is bringing wares like these to Hyde Park Village. Photo courtesy of Shapiro's.
  5. Appointments at Raymond James Bank and Saint Leo University highlight this week's Tampa Bay business Movers & Shakers



    Raymond James Bank has hired Grace Jackson to serve as executive vice president and chief operating officer. Jackson will oversee all of Raymond James Bank's operational business elements, risk management and strategic planning functions. Kackson joins Raymond James Bank after senior …

    Raymond James Bank has hired Grace Jackson to serve as executive vice president and chief operating officer. [Company handout]