Monday, October 20, 2008

Challenging the TECO Rate Increase

This is an issue that is critical to our neighborhood and community and is a modified post of a letter sent asking the neighborhood association to send a representative. This is done with her knowledge and approval.

As you have read in the news and heard at the recent THAN meetings, TECO is petitioning the Florida Public Service Commission for substantial rate increases.

A number of concerned businesses and citizen groups will speak at the PSC meeting next Tuesday October 21 at 6:00 p.m. (location listed below.) It would be beneficial if neighbors from SESHCA, SSHCA, and OSHNA attend and comment on the impact on our community and our neighbors, and request the denial of their request. The proposed increases reach 21% for residents.

City Councilwoman Linda Saul-Sena proposed, and the Council officially passed a resolution asking the PSC to deny the increase until a financial and operational analysis could be conducted. AARP, The Federation of Retailers, County Operations and THAN are among the groups that will comment. BGOSH and other groups have asked to comment. The AARP and retail lawyers are working on ‘discovery’ of TECO financial documents.

Speakers will not be disputing the increase in fuel costs. The comments will focus on the Base Rate increase and the percent of profit TECO is seeking (reportedly 11 or 12% after tax, and if I understood the lawyers). I’ve included a link to their PDF, below, for you to compare the charges for your businesses. Our goal is to reduce the Base Rate and obtain a multi-year implementation.
Numbers in attendance will increase the impact, your presence carries weight with the PSC. The impact will be cumulative on our community – from schools to businesses to our homes. We know you are busy and the meeting is next Tuesday, but hope that one of you can speak.

We are organizing a prep meeting at 5:00 p.m. prior to the PSC. To confirm your participation, please let me know so we can coordinate with you. If you have any questions about the issue or comments, please feel free to contact any one of us.


CJ Reynolds (to e-mail CJ: )
Seminole Heights, Tampa

Linda Saul-Sena, Tampa City Council
Wofford Johnson, President THAN

TECO Petition Service Hearing
Tuesday, October 21 at 6:00 p.m.
Dr. Blaise F. Alfano Conference and Banquet Center,
11606 North McKinley Drive

(4oth St. becomes McKinley, corner of McKinley and Fowler)

On August, 11, 2008, Tampa Electric formally filed its request for a base rate increase.Proposed changes to your rates: proposed new rates

To learn more, visit TECO's proposed changes to your electric base rate page, or read their news release.

1 comment:

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