Progress Energy Florida Seeks Fuel Surchage Increaseadmin
Progress Energy, Inc. (PGN) utility Progress Energy Florida asked state regulators Friday to approve an increase in its fuel surcharge to reflect rises in fuel costs and environmental compliance costs.
If the surcharge is approved, residential electric bills would rise by $161.4 million, or about 3.4% per 1,000 kilowatt-hours in 2007, the utility said.
“The same pressures driving up the cost of gas for your car are driving up the cost of fuels to generate electricity,” said Jeff Lyash, president and CEO of Progress Energy Florida, in a statement. “Our balanced approach to the challenges of growth and high fuel costs has helped minimize the financial impact to our customers.”
Progress Energy Florida, based in St. Petersburg, Fla., provides electricity and related services to more than 1.6 million customers in the state.