- Includes an estimated savings of 5% in 2025 on typical
residential electric bills
ST.
PETERSBURG, Fla., Aug. 21,
2024 /PRNewswire/ -- Today, the Florida Public
Service Commission approved Duke Energy Florida's comprehensive,
multiyear rate agreement without modification.
As a result, and when combined with other expected rate changes,
Duke Energy Florida currently projects typical residential
customers using 1,000 kilowatt-hours will save an estimated
$8.26, or approximately 5%, on their
electric bills in January 2025 when
compared to December 2024.
The agreement also enables Duke Energy Florida to continue
making investments to reduce outages, shorten response times, meet
future energy demands, increase clean, solar generation and explore
innovative technologies to generate cost savings for its 2 million
customers in Florida.
"We appreciate the Florida Public Service Commission's review,
along with the collaboration of the consumer representatives and
business groups, to reach this productive outcome," said
Melissa Seixas, Duke Energy Florida
state president. "Approval of this agreement will make a difference
for our customers and communities we serve. We'll continue to pass
on savings directly to customers, while also increasing service
reliability and advancing the clean energy vision for the
state."
The agreement allows an average annual 2% bill increase over the
three-year period. However, the 2022 fuel under-recovery, storm
restoration cost recovery and some legacy purchased power contracts
will expire by year-end 2024. The removal of these costs will lower
customer bills in 2025.
To learn more about this approved agreement and the benefits to
Duke Energy Florida customers, please visit
duke-energy.com/FL-Rates.
Additionally, Duke Energy offers several energy efficiency
programs and easy-to-use tools to help Florida customers take control of their energy
use and bills. To learn more about these programs,
visit duke-energy.com/SeasonalBills or call the Customer
Care number listed on your energy bill.
Duke Energy Florida
Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300
megawatts of energy capacity, supplying electricity to 2 million
residential, commercial and industrial customers across a
13,000-square-mile service area in Florida.
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in
Charlotte, N.C., is one of
America's largest energy holding companies. The company's electric
utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio
and Kentucky, and collectively own
54,800 megawatts of energy capacity. Its natural gas utilities
serve 1.7 million customers in North
Carolina, South Carolina,
Tennessee, Ohio and Kentucky.
Duke Energy is executing an ambitious clean energy transition,
keeping reliability, affordability and accessibility at the
forefront as the company works toward net-zero methane emissions
from its natural gas business by 2030 and net-zero carbon emissions
from electricity generation by 2050. The company is investing in
major electric grid upgrades and cleaner generation, including
expanded energy storage, renewables, natural gas and nuclear.
More information is available at duke-energy.com and
the Duke Energy News Center. Follow Duke Energy
on Twitter, LinkedIn, Instagram and Facebook,
and visit illumination for stories about the people and
innovations powering our energy transition.
Cautionary Statement Regarding Forward-Looking
Statements
This document includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements are based on management's beliefs and assumptions. These
forward-looking statements are identified by terms and phrases such
as "anticipate," "believe," "intend," "estimate," "expect,"
"continue," "should," "could," "may," "plan," "project," "predict,"
"will," "potential," "forecast," "target," "outlook," "guidance,"
and similar expressions. Various factors may cause actual results
to be materially different than the suggested outcomes within
forward-looking statements; accordingly, there is no assurance that
such results will be realized. These risks and uncertainties are
identified and discussed in Duke Energy's Form 10-K for the year
ended December 31, 2023, and
subsequent quarterly reports filed with the Securities and Exchange
Commission ("SEC") and available at the SEC's website
at www.sec.gov. In light of these risks, uncertainties
and assumptions, the events described in the forward-looking
statements might not occur or might occur to a different extent or
at a different time than Duke Energy has described. Duke Energy
expressly disclaims an obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Media contact: Ana Gibbs
Media line: 800.559.3853
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SOURCE Duke Energy