Gulf Power residential customers in northwest Florida are going to have to pay a little more each month over the next two years to pay for hurricane damage.
The company will increase monthly bills by an average of about $2.70 a month.
The utility serves Panama City, Pensacola, Ft. Walton Beach and surrounding areas in the Panhandle.
The company says the increase will likely kick in after meters are read later this month.
The state's Public Service Commission approved the residential rate increase Tuesday.
The approval allows Gulf Power to recover $50 million in damages caused by Hurricane Ivan.