Duke, TECO file storm charge requests totaling $1.5B

By Bruce Ritchie | 01/02/2025 06:34 AM EST

All three of Florida’s largest investor-owned utilities have laid out proposals to recover costs related to the 2024 hurricane season.

Debris lies scattered following the passage of Hurricane Milton.

Both utilities filed petitions Friday with the Public Service Commission requesting storm charges following hurricanes Debby, Helene and Milton (above). Rebecca Blackwell/AP

TALLAHASSEE, Florida — Duke Energy Florida and Tampa Electric Co. are asking state regulators to approve $1.5 billion in charges to customers for restoring power following hurricanes earlier this year.

Both utilities filed petitions Friday with the Public Service Commission requesting storm charges following Hurricanes Debby, Helene and Milton.

Duke Energy Florida, with 2 million customers, proposes charging customers $1.1 billion to cover restoration costs. The average residential customer bill would increase by $21 per month beginning in March and then to $31 in December before ending in February 2026.

Advertisement

Tampa Electric, with 850,000 customers, wants to collect $464 million by charging residential customers on average $30.81 per month through February 2026. The company also announced it is donating $1 million to a program to assist customers still struggling with damage from Helene and Milton.

GET FULL ACCESS