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Progress Energy Florida Files Requests To Reduce Customer Rates

Stocks in this article: DUK

The Aug. 31 filing also included estimates for an increase in the cost of purchased power. Utilities routinely purchase power to ensure customers' energy needs are met in the most cost-effective manner possible.

The environmental compliance charge, filed Aug. 30, recovers the costs of environmental investments. Environmental improvements operating since May 2010 at the utility's two largest coal-fired units, Crystal River 4 and 5, now allow Progress Energy Florida to use less expensive coal while reducing average annual emissions at

the units by 80 percent; nitrogen oxides by approximately 93 percent and sulfur dioxide by approximately 97 percent.

The PSC hearings on the fuel, capacity, environmental and energy-efficiency charges will take place Nov. 5-7. The PSC will finalize Progress Energy's nuclear charge Nov. 20. At that time, the total 2013 customer bill will be determined.

For more information about Florida rates and a detailed breakdown of a current residential customer bill, visit www.progress-energy.com/floridarates.

Progress Energy FloridaProgress Energy Florida, a subsidiary of Duke Energy (NYSE: DUK), provides electricity and related services to more than 1.6 million customers in Florida. The company is headquartered in St. Petersburg, Fla., and serves a territory encompassing more than 20,000 square miles including the cities of St. Petersburg and Clearwater, as well as the Central Florida area surrounding Orlando. Progress Energy Florida is pursuing a balanced approach to meeting the future energy needs of the region. That balance includes increased energy-efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. More information is available at www.progress-energy.com.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com

Media contact via 24-Hour media line: 800-559-3853 Follow Progress Energy Florida on Twitter: www.twitter.com/ProgEnergyFLFollow Progress Energy Florida on Facebook: www.facebook.com/ProgressEnergyFlorida

SOURCE Duke Energy

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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