Tampa Electric seeking rate increase - WFLA News Channel 8

Tampa Electric seeking rate increase

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Tampa Electric announced Friday it was seeking a rate increase for both residential, commercial and industrial customers.

The company is seeking about $135 million in higher rates, or an increase of $10.41 a month - or 35 cents a day - for the average residential customer who uses 1,000 kilowatt-hours (kwh) a month.

Typical commercial and industrial customers would see increases of about 6 percent.

"It is important to remember that while the cost of nearly everything has gone up in recent years, Tampa Electric bills have gone down," "said Gordon Gillette, president of Tampa Electric. "We empathize with our customers who also are feeling the effects of a difficult economy. There is never a good time to raise rates, but even with this increase, Tampa Electric bills would remain among the lowest in Florida."

The PSC is expected to hold hearings about Tampa Electric's request later this year, and the PSC is expected to vote on the issue by the end of the year.

The new rates would take effect in 2014.

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