Florida PSC Approves Gulf Power Company Rates

TALLAHASSEE, Fla. (AP) -- Gulf Power Co.'s rates are going up $3.86 a month for a typical residential customer in the western Florida Panhandle next month.
The Florida Public Service commission approved the new rate schedule on Monday. It's effective April 11.
The commission earlier agreed to let Gulf Power raise its base rates by $64.1 million a year. That's 63 percent of the $101.6 million sought by the Pensacola-based utility.
The $3.86 increase is for a customer using 1,000 kilowatt hours a month, which is about average.
It will raise the total bill, which includes other charges such as fuel expenses, by 3 percent to $126.53.
Gulf Power is owned by the Atlanta-based Southern Co. and serves more than 431,000 homes, businesses and other customers in eight Panhandle counties.

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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Scott on Mar 13, 2012 at 05:30 AM
    CEOs need to raise more money for their jet fuel. So they can enjoy their vacations.
  • by Dewey Location: Panama city on Mar 12, 2012 at 09:10 PM
    Look at this Previous Story about Gulf power rates was just last month it was reduced http://www.wjhg.com/home/headlines/PSC_Reduces_Gulf_Power_Fuel_Rates_139286263.html
  • by David Location: Panama city on Mar 12, 2012 at 09:07 PM
    What didn't the psc just approve a decrease now we are having a increase
  • by Leeza Location: Panama City on Mar 12, 2012 at 10:13 AM
    I smell a scam here perpetrated by Gulf Power in bed with Florida's PSC. The increase in residential rates is not, repeat, not justified and needs to be investigated by an independent watchdog agency that is not politically aligned with Florida's PSC. Furthermore, I believe members of the PSC need to be investigated for any conflict of interest they may have, directly or indirectly, with the Gulf Power Company.
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