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Duke Energy's Florida Utility Requests Rate Cut for 2027

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Duke Energy's (DUK) Florida utility filed with state regulators to lower customer rates beginning in January, compared with December levels.

Residential customers using 1,000 kilowatt-hours of energy per month would get a $0.71 decrease on their bills, while commercial and industrial customers may see reductions ranging from 0.8% to 3.6%, depending on several factors, the company said Thursday in a statement.

The filing reflects the utility's move to apply $50 million in tax savings to offset costs, allowing customers to avoid a base-rate increase that would otherwise take effect in 2027, the statement said.

Price: $121.69, Change: $+1.13, Percent Change: +0.94%

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