Progress puts nuke surcharge behind it
January 24, 2012
By Kevin Spear
Progress Energy’s top brass spelled out for investment analysts Monday how a proposed refund to customers would help smooth out a potentially tumultuous year.
The North Carolina-based utility, investor-owned and the second-largest in Florida, has agreed to return $288 million to its Florida customers over four years. Progress collected that amount in monthly bills to cover the cost of electricity that was more expensive than what the shut-down nuclear-power plant near Crystal River had provided.
View the rest of the Orlando Sentinel article here.