Progress Energy Florida has announced plans to file a proposal with the Florida Public Service Commission to decrease 2009 customers’ bills by $15.08 per month per 1,000kWh for residential customers starting with the April 2009 billing cycle.
If approved by the Florida Public Service Commission (PSC), commercial and industrial customers will see similar savings. The 2009 price change includes a revised fuel forecast and a deferral of a portion of 2009 nuclear pre-construction charges for the Levy nuclear plant.
In total, the company is asking the PSC to reduce the customer impact in 2009 by more than $400 million. If approved by the PSC, this change would reduce a 1,000kWh residential bill from $137.87 to $122.79.
The reduction includes lowering the fuel charge by $6.90 per 1,000kWh, due to effective fuel purchasing strategies and lower fuel prices, and reducing the nuclear recovery charge by $7.80 per 1,000kWh.
Jeff Lyash, president and CEO of Progress Energy Florida, said: In this economic climate, we are working to provide price relief for our customers. If approved by the PSC, this proposal will also give us some additional time to work with legislators to find alternative ways to encourage nuclear development, while lessening the impact on our customers.
