With the demand for electricity declining in recent months, some state lawmakers want to short-circuit part of a rate increase of nearly 25 percent for Progress Energy Florida. ...more

January 3, 2009

An electric rate increase of nearly 25 percent could be like the proverbial lump of coal left in the Christmas stockings of Progress Energy customers, some lawmakers argue. Some legislators vow to seek a rollback next year of not quite half of the rate hike because residents are hurting from the recession. Yet Progress Energy executives insist they need the funds as they prepare for nuclear power projects, which can take the better part of a decade to bring on line. ...more

December 24, 2008

A stalemate has developed over a possible roll-back of part of a nearly 25 percent electricity rate increase for Progress Energy Florida before it goes into effect, in January. Jeffrey J. Lyash, the utility's president and chief executive officer, basically stuck to his guns in a Dec. 15 letter to state Sen. Mike Fasano, R-New Port Richey, and state Rep. Peter Nehr, R-Tarpon Springs. ...more

December 15, 2008

In November, Progress Energy Florida customers were shocked to learn they would be paying nearly 25 percent more on electric bills come January. ...more

December 15, 2008

In November, Progress Energy Florida customers were shocked to learn they would be paying nearly 25 percent more on electric bills come January. ...more

December 13, 2008

In November, Progress Energy Florida customers were shocked to learn they would be paying nearly 25 percent more on electric bills come January. ...more

December 13, 2008