Ratepayers could be on the hook for millions due to Hurricane Irma
Florida is bracing for a wave of Puerto Rico evacuees dis[placed by Hurrican Maria.

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Duke Energy and Tampa Electric Company asked the Public Service Commission this week to approve plans that would allow them to pass to ratepayers more than $600 million in costs related to Hurricane Irma and other storms.

Duke Energy’s proposal would see the company collect $513 million from customers, who would see their average bill jump by $5.20 a month. The proposal would increase bills in March and would run for three years.

“This past hurricane season impacted Florida significantly, from damaging homes and infrastructure to affecting agriculture and tourism. Duke Energy Florida understands the impact this filing has on both our residential and business customers,” Harry Sideris, Duke Energy Florida state president, said in a prepared statement Thursday. “We will continue making smart investments to significantly enhance service reliability throughout the year, including during storm season.”

Duke’s commercial and industrial customers would see spikes between 2.5 percent and 6.6 percent if the plan is approved by the PSC.

TEC is seeking $87.4 million to help it recover from this year’s storms, with $77.7 million of that sum due to Irma. That proposal would also start in March and last for three years. The rest of the money would pay for costs related to hurricanes Matthew and Hermine in 2016.

Under TEC’s plan, residential customers who use 1,000 kilowatt-hours of power a month would see their bill jump by about $4 for the duration.

In both plans, the bulk of the money will be used to replenish reserves depleted by Irma as well as pay for additional costs brought by the storm.

Drew Wilson

Drew Wilson is Vice President of Florida Politics, where he helps lead a talented team that produces must-read newsletters including Sunburn, Takeaways from Tallahassee, and Diagnosis. A University of Florida alumnus, he began his career at The Independent Florida Alligator — the nation’s largest student-run newspaper and a training ground for many of Florida’s top political reporters. He later served as a business correspondent for The Hollywood Reporter, then returned to Tallahassee to cover the state economy and Legislature for LobbyTools and The Florida Current, before segueing to Florida Politics, where he’s been for more than a decade. He spends too much time workshopping zingers for Capitol Directions — and not enough time outdoors.



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