Utility Shareholders of Florida

Regulatory Commission Still Determining How Much Oversight St. Lucie Facility Might Receive

admin — Thu, 17 May 2012 13:29:08 +0000

By Eric Pfahler

Representatives from the U.S. Nuclear Regulatory Commission met with members of the public Wednesday to address concerns and answers questions regarding the Florida Power and Light Co. nuclear power plant and commission regulations.

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TECO Eyes FishHawk for High-Voltage Lines

admin — Thu, 17 May 2012 13:28:46 +0000

By Yvette C. Hammett

If Tampa Electric Company decides it needs to expand its Polk Power Station to increase production, about 200 homeowners in the FishHawk Ranch area could be staring out at 120-foot tall high voltage electrical lines.

Read the rest of the Tampa Tribune article here.

FPL Shows Off $3.8 Million Hurricane Command Center in Riviera Beach

admin — Thu, 17 May 2012 13:28:20 +0000

By Susan Salisbury

With fictitious Category 3 Hurricane Marina having made landfall in South Florida the night before, Florida Power & Light Co.’s new Command Center was abuzz Friday with 140 employees practicing for a real storm.

Read the rest of the Palm Beach Post article here.

Florida’s Major Utilities Say They are Prepared for Storm Season

admin — Thu, 17 May 2012 13:27:34 +0000

By Lloyd Dunkelberger

With the beginning of hurricane season only weeks away, Florida’s major utilities told the state Public Service Commission on Wednesday that they are better prepared to deal with the aftermath of a devastating storm.

Read the rest of the Herald-Tribune article here.

FPL Predicts Lower Power Bills, Financial Benefits Will Outweigh Negatives if Company Buys Vero Beach Electric Utility

admin — Thu, 10 May 2012 16:12:52 +0000

By Ed Bierschenk

The combination of lower electric costs and other financial benefits of selling the city’s electric system to Florida Power & Light Co. will more than make up for the loss of income the city receives from its utility, according to a report presented by an FPL representative Tuesday.

Read the rest of the TCPalm.com article here.

Moody’s Upgrades Ratings on Teco Energy

admin — Thu, 10 May 2012 16:12:10 +0000

Moody’s Investors Service upgraded its ratings on Teco Energy Inc. and its subsidiaries Friday, saying it sees an improved regulatory environment in Florida for the energy and utility company.

Read the rest of the Associated Press article here.

Progress Customers to See Nuke Fee Uptick

admin — Thu, 10 May 2012 16:10:46 +0000

By Carl Orth

A monthly fee on Progress Energy Florida bills for nuclear power plant projects is poised to almost double next year.

Read the rest of the Pasco Tribune article here.

Businesses, Consumer Groups Fight Gulf Power Rate Case for North Escambia Plant

admin — Thu, 10 May 2012 16:09:53 +0000

Lawyers for business groups and consumers are urging the state Public Service Commission to reject Gulf Power Company’s attempt to reopen a recently decided base-rate case. The utility wants to be able to collect about $2 million from customers for costs related to buying land in North Escambia for a potential nuclear power plant.

Read the rest of the NorthEscambia.com article here.

TECO Energy Reports Slightly Lower First-Quarter Earnings

admin — Thu, 03 May 2012 13:53:49 +0000

By Ivan Penn

Tampa Electric’s parent company, TECO Energy, on Tuesday reported slightly lower earnings for the first quarter compared with a year ago, with net income of $50.5 million, or 24 cents per share. In 2011, TECO’s first-quarter earnings reached $51.7 million, also 24 cents per share.

Read the rest of the Tampa Bay Times article here.

Progress Energy Raises Price Tag, Delays Start Date of Levy Nuclear Plant

admin — Thu, 03 May 2012 13:53:08 +0000

By Ivan Penn

Progress Energy announced Tuesday that it had raised the price tag of a nuclear plant that may never get built, and said it wants customers to pay more for an existing reactor that may never restart.

Read the rest of the Tampa Bay Times article here.