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Duke Energy (NYSE: DUK) The Florida unit said Tuesday it has filed for new base rates with state regulators, seeking nearly $820 million in revenue over 2025-27, a cost that would be passed on to customers.
Duke Energy Florida (DUK), serving nearly 2 million people, said the base tariff declaration aims to help it increase efficiency and reduce outages by investing in 14 new solar sites totaling 1,050 MW.
The company said the expected impact of the requested base rate changes would see an average annual increase of approximately 4% in the total bill over the 2025-27 period; for an average residential customer, the rate impact of the base rate increase alone would amount to approximately $16.48 in 2025, $2.73 in 2026, and $4.93 in 2027 on a 1,000 kW bill.
Duke (DUK) also said it plans to file a fuel and capacity fee request due to declining natural gas costs, which would reduce the typical customer bill by $5, on top of an $11.29 decrease that began in January 2024; the rate change will take effect after the Florida Public Services Commission approves the request.
On Monday, Duke’s (DUK) Piedmont Natural Gas unit, which serves more than 800,000 customers, filed a request with North Carolina regulators to increase its base rates.