Fla. regulators to decide Progress Energy rates

Published: Monday, January 11, 2010 at 6:40 a.m.
Last Modified: Monday, January 11, 2010 at 6:40 a.m.

TALLAHASSEE, Fla. — State regulators are set to rule on Progress Energy Florida's request for a $500 million-a-year base rate increase.

The Public Service Commission is deciding the case Monday.

Commission staffers have recommended Progress should get only $48 million. The company serves more than 1.6 million homes, businesses and other customers in central and north Florida.

It'll be the first major decision for the five-member panel's two newest commissioners.

Both were appointed by Gov. Charlie Crist who opposes rate increases for Progress and Florida Power & Light Co.

The commission will consider FPL's $1 billion request Wednesday. The panel's staff has recommended $357 million in that case.

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