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Fasano Fights Progress Energy

February 17th, 2009 by flanews

State Senator Mike Fasano is taking on Progress Energy, in an attempt to lower customers electric bills.

Last month the utility company raised its rates 25 percent to cover rising fuel costs and to build a nuclear power plant in Levy County. Fasano filed legislation to bring down the amount customers have to pay for the plant and spread the cost to future customers.

Instead of seeing a 10, 12, or 15 percent increase in their electric bill, they may see one or two percent increase if that much and there by it would be rate payers not only today, but rate payers in the future that would pay for the nuclear power plant, said Fasano.

Progress Energy is volunteering to drop rates 11 percent, but that could be temporary. Fasano is seeking a more permanent reduction.

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