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PSC approves Progress Energy rate settlement agreement

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Deal takes effect with January 2013 billing

By The Staff

TALLAHASSEE — To help maintain more consistent rates for Progress Energy Florida customers in the coming years, Florida’s Public Service Commission on Wednesday approved Progress Energy’s multi-year Settlement Agreement with the Office of Public Counsel and other intervenors.
The agreement provides a customer refund of a portion of Crystal River 3 Nuclear Plant replacement fuel costs and rate certainty related to PEF’s proposed Levy County nuclear project and base rates.


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