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Tampa Electric Submits Fuel Report – Analyst Blog

Zacks Market Commentaries (September 2nd, 2009) Writes:
Tampa Electric, the principal subsidiary of TECO Energy (TE), recently submitted its annual fuel report to the Florida Public Service Commission (FPSC). Lower fuel and purchased power costs during the first half of 2009 and reduced estimates for the remaining half of 2009 and 2010 will bring down the fuel portion of electricity bills of all consumers from January. Tampa estimates the fuel charge for a residential consumer using 1,000 kilowatt-hours of electricity per month to decline by $6.32.   This reduction in electricity bills will more than offset the rise to the base rate part of the bill, which was approved by the FPSC this March and will come in effect from January. Consequently, the monthly bill for a residential consumer using 1,000 kilowatt-hours will be $113.21, resulting in an overall reduction of $1.46. This, however, is subject to requisite approvals by the FPSC.   TECO is ...

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