\n\t\t\t\t\t\tThe Florida Public Service Commission has approved a $90.5 million refund to Duke Energy Florida customers after the company over-collected storm restoration costs. In February 2025, the Commission authorized an interim storm restoration charge to allow Duke Energy Florida to recover estimated costs from Hurricanes Debby, Helene and Milton.The charge resulted in a monthly bill impact of approximately $33 per 1,000 kilowatt-hours for residential customers beginning in March 2025. Duke Energy later informed the Commission that the charge would end early, concluding in January 2026 instead of February 2026. Following a comprehensive review of final storm restoration expenses, Duke Energy Florida reported total collections of approximately $1.006 billion, compared to actual storm-related costs of about $915.3 million, resulting in an over-collection of $90.5 million. To ensure customers are reimbursed, the Commission directed that the over-collected funds be returned through a temporary reduction in fuel charges. Beginning with the June 2026 billing cycle through September 2026, customers will see a decrease of 0.562 cents per kilowatt-hour, lowering the residential fuel rate from 4.414 cents per kilowatt-hour to 3.852 cents per kilowatt-hour. After the four-month refund period, fuel charges will return to Commission-approved rates. Duke Energy Florida serves more than 2 million customers across 35 counties in the state.\n\t\t\t\t\t<\/p>\n
\t\t\t\t\t\tFLORIDA \u2014 \t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n
The Florida Public Service Commission has approved a $90.5 million refund to Duke Energy Florida customers after the company over-collected storm restoration costs. <\/p>\n
In February 2025, the Commission authorized an interim storm restoration charge to allow Duke Energy Florida to recover estimated costs from Hurricanes Debby, Helene and Milton.<\/p>\n
The charge resulted in a monthly bill impact of approximately $33 per 1,000 kilowatt-hours for residential customers beginning in March 2025. <\/p>\n
Duke Energy later informed the Commission that the charge would end early, concluding in January 2026 instead of February 2026. <\/p>\n
Following a comprehensive review of final storm restoration expenses, Duke Energy Florida reported total collections of approximately $1.006 billion, compared to actual storm-related costs of about $915.3 million, resulting in an over-collection of $90.5 million. <\/p>\n
To ensure customers are reimbursed, the Commission directed that the over-collected funds be returned through a temporary reduction in fuel charges. <\/p>\n
Beginning with the June 2026 billing cycle through September 2026, customers will see a decrease of 0.562 cents per kilowatt-hour, lowering the residential fuel rate from 4.414 cents per kilowatt-hour to 3.852 cents per kilowatt-hour. <\/p>\n
After the four-month refund period, fuel charges will return to Commission-approved rates. <\/p>\n
Duke Energy Florida serves more than 2 million customers across 35 counties in the state.<\/p>\n","protected":false},"excerpt":{"rendered":"The Florida Public Service Commission has approved a $90.5 million refund to Duke Energy Florida customers after the…\n","protected":false},"author":2,"featured_media":259619,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[112401,35855,1330,2169,65067,112398,4417,112402,28,30,29,5023,112400,39642,5026,79692,112399,13239],"class_list":["post-259618","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-billing-cycle","tag-cent","tag-charge","tag-commission","tag-decrease","tag-duke-energy-florida-customer","tag-february","tag-final-storm-restoration-expense","tag-florida","tag-florida-headlines","tag-florida-news","tag-helene","tag-hurricanes-debby","tag-kilowatt-hour","tag-milton","tag-refund","tag-residential-customer","tag-september"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/259618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=259618"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/259618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/259619"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=259618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=259618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=259618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}