Duke Energy Florida proposes plan to offset costs associated with hurricanes, rising fuel prices

Duke Energy Florida proposes plan to offset costs associated with hurricanes, rising fuel prices

Duke Energy Florida is proposing adjustments to its fuel and capacity rates to recoup costs from an active hurricane season and higher-than-expected natural gas prices.

Duke Energy announced it issued the proposal to the Florida Public Service Commission (FPSC) on Monday as a result of a “number of unique events” between 2021 and 2022 that drove up natural gas prices and caused supply uncertainty.

Despite Duke Energy’s continued commitment to solar investments, the utility company still relies on natural gas as its main fuel sources to generate reliable electricity across Florida.

“We’re here to help. We understand customers continue to face increased financial pressures due to inflation and...

Full story at The Capitolist

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