Tampa Electric files 2011 fuel costs with Florida Public Service Commission
September 2, 2010
Tampa Electric filed with the Florida Public Service Commission (FPSC) to lower the fuel portion of all customers’ bills beginning January 2011. Pending FPSC approval, the decrease in the fuel charge is based on lower costs for fuel and purchased power during the first six months of 2010, projections for the remainder of 2010 and expected fuel prices in 2011. As a result, a 1,000 kilowatt-hour monthly residential bill will be $107.51, a $5.22 overall reduction, effective January 2011. Additionally, commercial and industrial customers will see reductions of approximately 5 percent on their total bills.
Tampa Electric President Gordon Gillette said, “We are pleased with this overall reduction in customer bills in this challenging economic environment. This represents the third consecutive reduction in fuel costs over the last two years and I commend our team on an excellent job of securing lower fuel and purchased power prices for our customers.”
Read the rest of the TECO press release here.