TALLAHASSEE, Florida — Duke Energy Florida and the Office of Public Counsel on Monday told state regulators they have reached an agreement to settle their dispute over the utility’s $830 million rate hike request.
The utility and OPC filed a joint motion with the Public Service Commission to suspend the procedural schedule in the contentious case.
“The Joint Parties reached a comprehensive agreement in principle, and the Joint Parties require additional time to prepare a formal Settlement Agreement that memorializes the terms,” the motion said.
Public Counsel Walt Trierweiler told POLITICO on Monday he could not comment on the substance of the agreement. He said the settlement agreement could take two weeks or more to finalize. He didn’t respond to a question about whether other intervening business and energy justice groups will sign onto the settlement agreement.
