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Stock impact report

FPL should be able to recover $1.2 billion from hurricanes, commission staff recommends [CBS News]

Duke Energy Corporation (Holding Company) (DUK) 
Last duke energy corporation (holding company) earnings: 2/13 07:00 am Check Earnings Report
US:NYSE Investor Relations: duke-energy.com/our-company/investors
Company Research Source: CBS News
Debby, Helene and Milton , and to replenish a storm reserve fund, state Public Service Commission staff members recommended Thursday. The regulatory commission is scheduled to take up FPL's request during a Dec. 3 meeting. FPL wants to recover the costs from customers over a 12-month period starting in January. The commission in the past has regularly approved such costs, which are essentially a temporary add-on to customer bills. Utilities typically use as a benchmark residential customers who consume 1,000 kilowatt hours of electricity a month — though actual electricity use varies widely. FPL also has differing rates based on whether customers are in the utility's traditional service area or a Northwest Florida area that was part of a purchase of the former Gulf Power. Under FPL's proposal, which was filed Oct. 29, customers in the traditional service area who use 1,000 kilowatt hours of electricity would see their monthly bills go from the current $121.19 a month to $133 Show less Read more
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