Electric services company Duke Energy Florida has proposed a plan to the Florida Public Service Commission (FPSC) to recover an estimated $1.1bn in costs incurred during the emergency response to 2024’s Hurricanes Debby, Helene and Milton.
The plan outlines the extensive efforts to restore power to around two million customers following the devastating 2024 hurricane season.
Go deeper with GlobalData
The company’s response included mobilising 27,000 workers and additional resources. This extensive workforce was tasked with repairing and rebuilding essential infrastructure such as poles, cables and transformers that were severely damaged by the storms.
The plan covers the costs of deploying these resources in addition to establishing staging sites, base camps and temporary lodging for the thousands of line workers and field personnel, along with providing their meals.
Duke Energy Florida State President Melissa Seixas stated: “After each of these tremendous storms, our top priority was to restore power to our customers quickly and safely.
“While today’s plan submission reflects the costs of these efforts, we want to assure our customers that as part of our overall commitment to affordability, we are striving to minimise the impact on their bills as much as possible, and going forward, we will continue to make strategic investments to strengthen the electric grid and help ensure customers have the reliable power they need.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“This type of continuous improvement is a cornerstone of the work we do at Duke Energy Florida, especially given the increasing risk of more extreme weather in the future.”
The 2024 hurricane season saw Duke Energy Florida activate its emergency response for three major hurricanes, including a Category 4 and a Category 3 storm, within a three-month span. The proposed plan for the FPSC details these efforts and their associated costs.
According to Duke Energy Florida’s filing, residential customers can expect an increase of $21 per 1,000 kilowatt hours (kWh) on their March 2025 bills. Although the actual storm charge is about $31, a seasonal decrease of $10 per 1,000kWh from March through to November 2025 will offset part of the cost.
The storm charge will remain on customer bills until the end of February 2026.
