Consumer rights activists file appeals to Florida State Supreme Court over TECO price hikes

Consumer rights activists are taking a stand against TECO's proposed base rate hikes, filing appeals with the Florida Supreme Court to contest the increases that would raise monthly bills from $9 to $13 starting in January 2025. The appeal is spearheaded by Florida Rising and The League of United Latin American Citizens, with legal representation from Earthjustice, a non-profit environmental law firm. TECO justifies the rate hikes as necessary to recover costs incurred during the 2024 hurricane season, which damaged infrastructure and necessitated hiring additional workers for restoration efforts. The Florida Public Service Commission (PSC) approved these increases, which are projected to generate $281 million for power plant improvements and solar developments. Critics, including the Office of Public Counsel, argue that the PSC's decisions favor TECO's financial interests at the expense of customers, with the approved return on equity exceeding staff recommendations.

The upcoming hearings will be crucial as the PSC faces pressure to reconsider its rate-setting practices. As the appeals progress, stakeholders are keenly observing the implications for utility regulation and consumer rights in Florida. This case highlights the ongoing tension between utility companies’ financial needs and the economic burden placed on consumers.