NewsRedditApril 15, 2026United States
TECO Storm Surcharge Ending
Tampa Electric Company (TECO) is ending a temporary storm restoration charge that was implemented to recover costs from the 2024 hurricane season. Residential and small business customers will see a reduction of $19.95 per 1,000 kilowatt-hours, resulting in approximately 11–12% lower monthly bills.
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Residents will see a direct change in their monthly utility costs starting after the surcharge is removed.
Key Facts
- The storm restoration charge was implemented to cover $464 million in costs from the 2024 hurricane season.
- Restoration costs are not covered by insurance and are recovered through regulator-approved charges.
- Residential and small business customers will see a reduction of $19.95 per 1,000 kilowatt-hours.
- The removal of the charge is expected to lower monthly bills by approximately 11–12%.