Episode Details

Lakeland Electric customers in Florida brace for higher fuel charges starting April 1st due to a surge in natural gas prices following the harsh cold snap in late January. The utility spent over twenty-two million dollars on fuel in February, double the budgeted amount. The increase is a pass-through of market costs, not a base rate increase or profit grab. Local commissioners had mixed feelings on the timing, with some concerned about the impact on customers already hit by high winter bills. Reserves could drop to nine million dollars by Februarys end, prompting the utility to choose spring for the hike to allow for cash buffer rebuilding. Customers struggling can access budget billing, payment plans, or aid programs.

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