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Duke Energy Florida to Deliver $50 Million in Customer Savings

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Duke Energy Florida said it will deliver $50 million in customer savings in 2027 by accelerating the return of tax credits from its Powerline Battery Energy Storage System to one year instead of 15, avoiding a 2% base rate increase under its 2025–2027 agreement. It plans 1.4 GW of battery storage and 12 new solar sites by 2028, passing on more than $500 million in investment tax credits and about $3 billion in displaced fuel costs over customers’ lifetimes.

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