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Gulf Power Rate Hike

August 23rd, 2011 by flanews

Gulf Power customers will see an average increase of four dollars and fifty cents on their next electric bills. Today the Public Service Commissioner approved a 40 million dollar interim increase for the Pensacola based electric company. The increase is part of a 95 million dollar rate hike request made by Gulf Power. JR Kelley is head of the Office of Public Counsel and says if the PSC grants the utility company a rate hike bills will go up an average of 12 dollars.

“It’s been reported that it’s only a 10 percent increase, but that’s not true. It’s more like a 23, 24 percent increase on base rates because the total rate a customer pays has several different components,” said Kelly.

The interim increase isn’t permanent yet. The PSC will hear the Gulf Power Case in mid-December. If the commission decides no increase is warranted the utility will be ordered to refund the money.

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