Duke Energy moves to raise rates in Florida following devastating hurricane season – WCJB

Duke Energy, a major utility company in Florida, has announced plans to raise rates following a devastating hurricane season. The company cited the need to cover the costs of repairing infrastructure damaged by the storms. This decision comes as many residents are still recovering from the impacts of the hurricanes.

The rate increase is expected to help Duke Energy recoup some of the expenses incurred from restoring power and fixing downed power lines. The company stated that the funds will also go towards improving the resilience of its grid in order to better withstand future severe weather events.

While the news of a rate hike may be concerning for customers, Duke Energy emphasized that the increase is necessary to ensure the reliability and safety of the electric grid. The company has faced criticism in the past for its response to hurricanes, and this move is seen as a step towards addressing some of those concerns.

Customers will have the opportunity to voice their opinions on the rate increase during public hearings before any changes are implemented. Duke Energy is committed to being transparent about the reasons behind the rate hike and providing information to customers about how the additional funds will be used.

Overall, the decision to raise rates in the aftermath of a challenging hurricane season reflects the ongoing challenges faced by utility companies in Florida. As the state continues to experience more frequent and severe storms, ensuring a reliable and resilient electric grid is crucial for the safety and well-being of residents.