Utility Storm Project Costs Approved

Article reposted with permission from The News Service of Florida.

The Florida Public Service Commission on Wednesday approved utilities collecting more than $1.1 billion from customers for projects aimed at bolstering electric systems to better withstand storms. Utilities seek approval each year from the commission to collect storm-protection costs. The amounts approved Wednesday will be collected in 2025. Florida Power & Light was approved to collect $786,583,276, according to the commission. Duke Energy Florida was approved to collect $269,957,058, while Tampa Electric Co. was approved for $117,623,743, and Florida Public Utilities Co. was approved for $5,667,195. The costs are separate from amounts that utilities sometimes seek to recoup for restoring power after hurricanes or other serious storms.