FPSC Approves Tampa Electric Company Rate Adjustment for 2026

In TECO's 2024 base rate case, the Commission approved an adjustment to rates beginning January 1, 2025. It also approved an adjusted revenue requirement increase of $87.7 million primarily for projects placed into service in 2025. TECO filed a petition on September 4, 2025, seeking authorization to implement the 2026 Subsequent Year Adjustment (SYA). The SYA represents an incremental increase to TECO's authorized base rates.

Beginning with the first billing cycle of January 2026, the residential customer using 1,000 kilowatt-hours per month will see an increase of $5.51, raising the typical monthly residential bill from $97.47 to $102.98.

The 2026 SYA includes cost recovery for several key initiatives, including:
• Polk 1 Flexibility Project
• Energy Storage Expansion
• Corporate Headquarters Development
• Bearss Operations Center Modernization
• South Tampa Resilience Project
• GRR (PLTE Spectrum) Upgrades
• Cottonmouth and Longbranch Solar Projects

These projects were placed into service in 2025 or are expected to be operational by year-end. In addition, two Polk Fuel Diversity Project unit upgrades are anticipated to enter service in 2026.

TECO serves approximately 844,000 customers in a 2,000 square mile service territory in Hillsborough and portions of Polk, Pasco, and Pinellas counties, Florida.