On August, 11, 2008, Tampa Electric formally filed its request for a base rate increase with the Florida Public Service Commission (FPSC), the first such request made by the company in 16 years. The proposed new rates will reflect the cost of investments the company has made to add environmentally responsible power generation and meet new reliability standards, as well as increased costs of commodities essential to the production and delivery of electricity.
With FPSC approval of the proposed base rates, the overall increase for typical commercial and industrial customers is anticipated to range from 7.5 to 11 percent, effective May 2009. Within Tampa Electric’s request to the FPSC, the company is proposing restructuring some of our rate schedules as well. Detailed information about these changes will be made available in future bill inserts and online.
