Duke Energy cuts Florida rate hike request by hundreds of millions

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Duke Energy reached a settlement agreement with consumer advocates to reduce its requested rate increase from $820 million to $262 million over three years for Florida customers. The agreement also includes commitments to raise the temperature threshold for power shutoffs from 105 degrees to 95 degrees and to eliminate reconnection fees. Environmental groups including the Southern Alliance for Clean Energy did not oppose the settlement but did not formally sign on.