Duke Energy (DUK) said Friday it has filed a plan with the Florida Public Service Commission to recover an estimated $1.1 billion in costs related to its emergency response to Hurricanes Debby, Helene and Milton.
Under the cost recovery plan, the company said residential customers will temporarily see an increase of about $21 per 1,000 kWh of electricity on their monthly bills in March 2025, compared with February.
The storm-related charges actually translate to an increase of about $31 but it has been reduced by $10 per 1,000 kWh due to annual, seasonal adjustments.
The storm recovery charges will remain on customer bills through February 2026, the company said.
The recovery plan covers expenses such as mobilizing over 27,000 workers, deploying resources across the US and Canada, as well as repairing essential infrastructure like poles, wires and transformers.
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