Florida Public Service Commission

It's an effort to boost solar energy and continue shifting away from using coal to fuel power plants.

The Florida Public Service Commission approved the requests to increase utility rates through the end of the year.

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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