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Existing coal and new natural gas-fired power plants that run more than 40% of the time will have to eliminate 90% of their carbon dioxide emissions.
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Electric bills will be reduced starting in June due to lower-than-expected natural gas costs.
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Duke and Tampa Electric this month proposed passing along savings to customers because of reduced prices of natural gas, which plays a major role in fueling power plants.
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Duke Energy Florida on Monday joined Tampa Electric Co. in seeking approval to reduce customer bills in June because of lower-than-expected costs of natural gas.
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State regulators Tuesday approved a plan that will trim Florida Power & Light customers' monthly bills because of lower-than-expected natural gas costs, while Duke Energy Florida and Tampa Electric Co. said they will seek similar reductions.
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TECO sent a letter to the chairman of the Florida Public Service Commission, asking to raise profits through a series of rate increase that would increase revenues by a total of more than $1.1 billion over the next three years.
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Saying it is trying to meet the needs of a growing number of customers, Tampa Electric Co. will ask state regulators to approve a plan that would raise base electric rates over the next three years.
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TECO withdrew a petition to avoid a survey that advocates say ensures rate hikes are assigned fairlyAdvocates said they drove hundreds of comments to the Florida Public Service Commission requesting it do a full and balanced cost of service study, including individual letters from two Hillsborough commissioners.
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Tampa Electric advertises its budget billing program as a way to “take out the highs and lows” of monthly electric costs. One customer in Brandon was shocked to discover he owed an additional $700.
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A couple of Hillsborough County commissioners agreed to each send personal letters asking the commission which oversees Tampa Electric to request the utility do the required cost of service study ahead of next year's base rate changes.
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Clean energy advocates say it's not much relief after average bills have gone up 62 percent in four years.
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The funding is part of a nearly $3.7 billion allocation to the Low Income Home Energy Assistance Program through next September.