Gulf Power passing on savings

Solar pnels at NAS Whiting Field Holley OLF
Gulf Power photo

PENSACOLA, Fla. - Gulf Power today filed an agreement with the Florida Public Service Commission seeking approval to reduce rates for 2019 and beyond by some $9.6 million on an annual basis. This reduction reflects the remaining tax savings resulting from the Tax Cuts and Jobs Act. Of that amount, $3.8 million will benefit businesses and industrial customers, including Northwest Florida's military bases. Renewables, like solar fields, also put downward pressure on rates. (Source: Gulf Power, 08/29/18)