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Tampa Electric presents hurricane costs
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Tampa Electric presents hurricane costs

Tampa Electric Co. outlined hundreds of millions of dollars in costs it could try to recover from customers due to post-hurricane power restoration efforts Helen and Milton.

A new quarterly financial report filed with the U.S. Securities and Exchange Commission indicates that Tampa Electric may seek to recover $45 million to $55 million from Hurricane Helene and $320 million to $370 million dollars due to Hurricane Milton.

The utility would have to seek approval from the Florida Public Service Commission and said in the filing that it would “determine the timing of the request for Hurricane Helene and Hurricane Milton cost recovery in the future.”

In the past, the Public Service Commission has allowed Tampa Electric and other utilities to recover such costs, and the recovery has been factored into base rate agreements.

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Florida Power & Light on Oct. 29 sought Public Service Commission approval to raise nearly $1.2 billion to cover power restoration costs after Helene, Milton and Hurricane Debby and to replenish a storm reserve fund.

A Securities and Exchange Commission filing said last week that Duke Energy Florida’s storm restoration costs could be between $1.1 billion and $1.3 billion. Duke did not file a claim for recovery with the Public Service Commission.

Helene made landfall Sept. 26 in Taylor County after causing damage to other coastal communities as it moved up the Gulf of Mexico. Milton made landfall on October 9 in Sarasota County and caused extensive damage in other areas of the Florida.

Smaller Debby made landfall in early August in Taylor County before moving through parts of northern Florida.

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