Electric Rate Hike

Gulf Power is asking for a huge rate increase. The utility sent a letter of intent to the Florida Public Service Commission Thursday to seek an increase in its base prices.

The amount of the increase request is 95-million dollars.

The utility says this is its first rate increase request in 10 years, and if granted, it would be only the 2nd base price increase in 20 years.

Since the last increase in 2001, Gulf Power claims it's needs the rate hike to keep up with the production costs like fuel for trucks, buying copper, and expanding service, as well as strengthening the grid against disasters like hurricanes.

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