Florida Public Service Commission

The two utilities, which have a combined total of about 2.7 million customers, blamed prices of natural gas that fuels power plants.

Duke disagreed with the proposal, which would split it into three companies — one operating in Florida, one in the Carolinas and one in Indiana, Ohio and Kentucky.

Duke Energy said in January that average residential customers would see bill increases of 3% to 4% in 2022.

Residential customers could see an increase of about 19% in their electric bills next year.

The company will ask the Florida Public Service Commission this spring to increase rates. Part of the funding would go toward a "modernization" project at the Big Bend Power Station.

If approved, Duke Energy Florida residential customers would see bill increases of 3 to 4% in 2022, and annual increases of 1 to 2% in 2023 and 2024.

It stems from issues from Duke's predecessor that resulted in a 2017 outage.

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