Tampa Electric's rate increase approved, raising monthly bills by about $5 for many customers.

Tampa Electric has been granted a rate increase by Florida regulators, affecting over 844,000 customers. The hike will provide the company a 10.5% return on equity, up from 10.2%, and will help fund projects like upgrading power plants and adding solar facilities. Residential customers consuming 1,000 kWh per month are expected to see a roughly $5 increase in their monthly bills. The decision shifts some costs from large corporate users to regular customers and small businesses.

4 months ago
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