Gulf Power seeking rate increase for power grid construction program

Gulf Power rate increase Florida Public Service Commission upgrade power grid

Gulf Power Co. recently announced it is asking the Florida Public Service Commission to approve a two-step price increase to help pay for a power grid construction program. The program would be the largest power grid construction project in the history of the company.

The company plans to build and replace power lines and infrastructure over the next three years in order to maintain the system’s reliability as well as add new lines and equipment to comply with federal environmental regulation. The company stated the upgrades are needed to upgrade or replace obsolete equipment and facilities that are at or beyond life cycle, including a 70 mile section of transmission line that is more than 70 years old.

The first rate increase would take effect in April 2014. That increase would raise the total bill of a residential customer using 1,000 kWh by 7.5 percent, or $8.94 a month, and increase the monthly bill from $118.88 to $127.82.

The second step of the increase, which is related to the new environmental requirements, would not occur until 2015 and would raise the monthly bill an additional $1.99.

Read more financial news

Sponsored by FLSmidth
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Buyers Guide Company Listings

Datapartner Inc

Our software Invest for Excel is used by more than 100 power companies worldwide for capital budgeting, financial modeling and valuation. We also offer a Sharepoint solution for capex portfolio.

Interdevelopment Inc

Offers management consulting and marketing, financing for power plants, particularly energy production by renewable fuels, such as wind/solar/biomass power, including compliance issues.

The Clifton Corp

Engineering and development company specializing in water resources, hydro and solar power and biogas/methane facilities. Provides development services from engineering, economic and financial feasibility to financing and operations and maintenance.

Valentin Software Inc

Valentin Software is the largest, most comprehensive and oldest developer of solar PV and thermal design, simulation, modeling and financial analysis software, with customers in over 70 countries.

Power Industry Wire News

Decisiv to Showcase TMT Fleet Maintenance Integration

Decisiv to Showcase TMT Fleet Maintenance Integration

2014 Interim Financial Statements: Sales and Industrial Growth Ingredients Are in Place

2014 Interim Financial Statements: Sales and Industrial Growth Ingredients Are in Place

Cellceutix to President Obama: We Have the Tools and Will Rise Up to the Challenge to Prevent Antibiotic Resistant Bacteria Becoming a Serious Threat to Public Health

Cellceutix to President Obama: We Have the Tools and Will Rise Up to the Challenge to P...

Wind in Ontario's Sails as Renewables Fuel $2 Billion in Project Spending for Fourth-Quarter 2014, an Industrial Info News Alert

Wind in Ontario's Sails as Renewables Fuel $2 Billion in Project Spending for Fourth-Qu...

Top Industrial Market News Stories for the Third Week of September 2014, an Industrial Info News Alert

Top Industrial Market News Stories for the Third Week of September 2014, an Industrial ...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>