April 19, 2011–After filing a Petition for Mid-Course Correction with the Florida Public Service Commission (PSC) April 7th, Florida Public Utilities (FPU) customers could potentially start seeing reduced electric rates as early as July.
While PSC approval is pending, FPU customers could expect to see up to a 9.5 percent decrease in their monthly electric bills due to the proposed revisions. In terms of cost per 1,000-kilowatt hours for residential customers, for example, the current monthly rate of $152.03 would be reduced to $137.53. Commercial customers would experience comparable results under the new corrections. Reduced rates will be effective July 1st through the end of the year, if approved.
“FPU is doing everything we can to lower our rates and save our customers money,” explains Buddy Shelley, General Manager of FPU’s Northwest Division. “We consider filing the Mid-Course Correction Petition with the PSC another step in the right direction.”
FPU is a wholly owned subsidiary of Chesapeake Utilities Corporation. Chesapeake Utilities Corporation (NYSE: CPK) is a diversified utility company engaged in natural gas distribution, transmission and marketing, electric distribution, propane gas distribution and wholesale marketing, advanced information services and other related services. Information about Chesapeake’s businesses is available at www.chpk.com.
For more information, contact Buddy Shelley, General Manager of FPU’s Northwest Division, at 850.526.6811 or email [email protected].