Article: Progress Energy Florida Estimates Fuel, Nuclear and Environmental Costs for 2009

Progress Energy issued the following news release:

Rising fuel prices, environmental improvements and planning for additional carbon-free nuclear power to meet future growth will increase the cost of electricity next year, Progress Energy Florida announced today.

If state regulators approve the company's 2009 fuel-cost projections, clean-air expenses, nuclear pre-construction costs and other factors, the residential monthly bill for 1,000 kilowatt-hours (kWh) would increase $34.27 (31 percent) over current charges of $110.59 to $144.86 starting in January.

$21.12 of the increase is for projected fuel costs in 2009 (including under-recovered amounts from this year); $11.42 is for new ...

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