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Gulf Power Cuts Rates
May 31, 2012
Pointing to lower natural-gas prices, Gulf Power Company said Wednesday it wants to give customers a hefty decrease in their monthly electric bills. The Pensacola-based utility filed a request this week with the Florida Public Service Commission to pass along fuel savings to customers starting in July.
Residential customers who use 1,000 kilowatt hours of electricity a month would see their bills drop from $126.53 to $116.61, according to the document. “In fact, this decrease rolls back customers electricity prices to pre-2009 levels.”
“This rate decrease is great news for our customers, especially as we head into the hot summer months,” Bentina Terry, Gulf Power’s vice president of corporate services and external affairs, said in a news release.
This will be the third decrease Gulf Power customers have seen this year and will more than offset a base rate increase that went into effect in April, the company said.
The overall rate decrease will amount to about $58.5 million.
Comments
5 Responses to “Gulf Power Cuts Rates”
REGARDING:
“I am confused. About a month or so ago Gulf Power said they needed an increase to pay for a new power plant. Now they don’t? ”
They want to raise the base rate to pay for capital improvements, rather than issue give shares for the money. They say they can lower the fuel charge because fuel is cheaper.
You’re probably thinking it all goes in one pot. That could cause some confusion.
David for separation of questions
This is the calm before the storm make people happy with little break before hitting them hard.
This will be a blessing, considering “the economy” situation!
I am confused. About a month or so ago Gulf Power said they needed an increase to pay for a new power plant. Now they don’t? And they are giving us a decrease in costs? Gee….I’m soooo confused! But thanks anyway…we need the help these days!
Thanks for the decrease Lord!!!!!