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TECO customers to get refund, but you’ll have to wait for it

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TAMPA, Fla. (WFLA) – Tampa Electric customers can expect to see a one-time refund on their energy bills. However, it won’t come until January.

After a change in the federal tax law in 2017, TECO used the savings from 2018 to cover storm costs after Hurricane Irma and several other named storms. A remaining balance of $11.5 million was left over after the storm costs were paid. 

The average TECO residential customer, which included anyone who uses 1,000 kilowatt-hours a month, will see a refund of about $8. The refund will appear as a separate line item on the January bill. 

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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