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Teco Wants To Raise Rates

Teco Wants To Raise Rates

Tampa, Fla.-(970 WFLA)-Tampa Electric Company has filed a request with the Florida Public Service Commission to raise residential rates by ten percent in January of 2014.

Teco wants nearly $135 million in higher rates, or an increase of $10.41 a month for the typical residential customer who uses 1,000 kilowatt-hours a month.  The increase would work out to roughly 35 cents a day.

The utility claims that residential customer bills have dropped more than $12.00 a month, per customer, in the past four years.  Teco claims that if the increase is approved, residential bills would remain among the lowest in the state.

Hearings on the rate hike request are expected to take place later this year, with a vote by the P.S.C. by the end of the year.

                                              

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