Tampa Electric proposes residents pay millions more so big companies save [Yahoo! Finance]
Duke Energy Corporation (Holding Company) (DUK)
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Source: Yahoo! Finance
If their proposed version of the 2025 rate structure is approved by state regulators, everyone's costs would rise. But millions of dollars in bills could be shifted from some of Tampa Electric's largest customers — like industrial plants, hospitals and big-box retailers — and onto residential consumers, as well as smaller businesses. Under the plan, a typical household would be charged at least $200 more annually for base rates over what it's paying now, according to the filings. The reason for this shift goes back to 2021, the last time Tampa Electric raised rates on customers. The case ended in a lengthy and complex settlement agreement, a piece of which required the utility to change the way it distributed costs in its next rate case. At the time, it drew little attention. Now, as the utility asks for another increase, documents within its filings reveal the potential impact that prior agreement could have on ratepayers. Tampa Electric submitted two cost structures to state re
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News
- Duke Energy Co. (NYSE: DUK) had its price target raised by analysts at BMO Capital Markets from $108.00 to $110.00. They now have an "outperform" rating on the stock.MarketBeat
- Duke Energy Co. (NYSE: DUK) had its price target raised by analysts at KeyCorp from $107.00 to $112.00. They now have an "overweight" rating on the stock.MarketBeat
- Majority of parties reach proposed agreement in Duke Energy Carolinas rate review request in South Carolina [Yahoo! Finance]Yahoo! Finance
- Majority of parties reach proposed agreement in Duke Energy Carolinas rate review request in South CarolinaPR Newswire
- Duke Energy funds $100,000 in upgrades to the American Red Cross Emergency app, helping increase accessibility among diverse audiencesPR Newswire
DUK
Earnings
- 5/7/24 - Beat
DUK
Sec Filings
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 144
- DUK's page on the SEC website