Progress Energy Florida seeks hefty rate hike

Kevin Spear | Sentinel Staff Writer

August 30, 2008

Get ready to adjust the thermostat and turn off the lights, if you haven't already.

Progress Energy Florida announced Friday that it will ask for a hefty jump of 31 percent in electric rates in January.

The utility, Central Florida's largest, wants additional cash to cover the rising expense of coal and natural gas needed to produce electricity.

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