The Florida Public Service Commission (FPSC) has approved a rate adjustment for Tampa Electric Company (TECO) that will take effect in 2026. This decision reflects the annualized costs of projects completed in 2025 and includes cost recovery for the Polk Fuel Diversity project.
In 2024, the FPSC approved an adjustment to TECO’s rates beginning January 1, 2025, which included an $87.7 million increase in revenue requirements primarily for projects scheduled for service in 2025. On September 4, 2025, TECO submitted a petition requesting authorization to implement the 2026 Subsequent Year Adjustment (SYA), which represents an additional increase to its base rates.
As a result of this adjustment, starting with the first billing cycle of January 2026, residential customers using 1,000 kilowatt-hours per month will see their monthly bill rise by $5.51—from $97.47 to $102.98.
The approved SYA allows TECO to recover costs associated with several initiatives, including the Polk 1 Flexibility Project, energy storage expansion, corporate headquarters development, Bearss Operations Center modernization, South Tampa Resilience Project, GRR (PLTE Spectrum) upgrades, and solar projects at Cottonmouth and Longbranch sites. These projects were either placed into service in 2025 or are expected to be operational by year-end. Additionally, two unit upgrades related to the Polk Fuel Diversity Project are anticipated to enter service in 2026.
TECO provides electric service to about 844,000 customers across a territory covering Hillsborough County and parts of Polk, Pasco, and Pinellas counties in Florida.
