August 27, 2016 8:31 PM ET

Electric Utilities

Company Overview of Duke Energy Florida, LLC

Company Overview

Duke Energy Florida, LLC, a regulated public utility, generates, transmits, distributes, and sells electricity in Florida. It supplies electric service to approximately 1.7 million residential, commercial, and industrial customers covering an area of approximately 13,000 square miles. The company was founded in 1899 and is based in St. Petersburg, Florida. Duke Energy Florida, LLC is a subsidiary of Duke Energy Corporation.

299 First Avenue North

St. Petersburg, FL 33701

United States

Founded in 1899

Phone:

704-382-3853

Key Executives for Duke Energy Florida, LLC

Chairman and Chief Executive Officer
Age: 56
Chief Financial Officer and Executive Vice President
Age: 57
State President
Age: 51
Chief Accounting Officer, Senior Vice President and Controller
Age: 41
Senior Vice President of Delivery Operations
Compensation as of Fiscal Year 2016.

Duke Energy Florida, LLC Key Developments

Duke Energy Florida Seeks Florida Public Service Commission Approval to Reduce Electric Rates in Florida

Duke Energy Florida LLC is seeking the Florida Public Service Commission approval to reduce its electric rates due to lower projected natural gas prices. If approved, residential bills would go down by $5.83 per month starting in April on consumption of 1,000 kWh of electricity, according to a Feb. 8 release. Business customers will also see similar rate reductions depending on a number of factors, including rate class and type of service. In its filing with the PSC, the Duke Energy Corp. subsidiary sought approval of a mid-course correction to both the fuel and capacity cost recovery clauses as well as approval of an updated 2016 capacity cost recovery amount of $480.6 million, noting that the previous estimate of $454.3 million was based on incorrect calculation.

Duke Energy Florida Plans to Construct a New Solar Facility in Perry, Fla

Duke Energy Florida announced plans to construct a new solar facility in Perry, Fla. This will be the second such project in the company's plan to advance the development of solar energy in the Sunshine State. Developed, owned and operated by Duke Energy Florida, the 5-megawatt solar facility will be constructed on 20 acres of utility-owned land using approximately 22,000 solar panels, roughly the size of 17 football fields. The Perry Solar Facility is one of many steps Duke Energy Florida is taking to provide customers greater access to renewable energy. It is the second solar facility in a strategic, long-range plan to install 35 megawatts of solar by 2018 and up to 500 megawatts of solar power in the state by 2024. The first solar facility, a 3.8-MW project announced on Sept. 30, will be located in Osceola County. The 5-megawatt Perry Solar Facility will be built on land that the company acquired adjacent to the Duke Energy Perry substation, across the street from the Taylor County Elementary School. The facility will connect directly to the distribution system near the existing 230-kV substation without additional easements or extensive line construction.

Duke Energy Florida Announces New 3.8-Megawatt Solar Facility in Osceola County

Duke Energy Florida continues to advance the development of solar energy with the announcement of a new 3.8-megawatt solar facility in Osceola County. The company has filed a storm water and environmental resources permit with the Florida Department of Environmental Protection. DEF will file a land development permit with the Osceola County Planning Department. The agencies' review of the permits may require up to eight weeks. The Osceola project is the first in a strategic, long-range plan to install 35 megawatts of solar by 2018 and up to 500 megawatts of solar power in the state by 2024, ensuring residents have increasingly clean and reliable energy. Construction of the Osceola Solar Facility will begin once permits are approved. The facility is expected to be on line in early 2016. The Osceola facility will be built on 17 acres of a larger 25-acre parcel owned by DEF on Canoe Creek Road in Kenansville. The larger parcel includes the Canoe Creek transmission substation, owned and operated by DEF. The existing 230-kV substation will allow the new solar facility to be connected to the grid without additional easements or extensive line construction. The company's new solar facilities will complement a new combined-cycle natural gas plant to be built in Citrus County, an upgrade of a combined-cycle energy complex in Polk County and the purchase of the Osprey Energy Center, also in Polk County. These projects will allow the company to meet a significant need for additional energy for its customers beginning in 2018 and to retire half of its Florida coal-fired fleet by that same year.

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