Duke Energy Florida has reportedly filed a revised settlement agreement with the Florida Public Service Commission (FPSC) to approve its investments in smart energy.According to Your Renewable News, the settlement agreement filed by Duke Energy Florida includes investments in solar energy, smart meters, grid modernisation projects to enhance reliability, make the grid more resilient and secure, and optional billing programmes to enhance customer choices.
The agreement also includes plans to install electric vehicle charging stations and a battery storage pilot programme.
The agreement was put together with representatives of all consumer groups, including the state's Office of Public Counsel, the Florida Industrial Power Users Group, the Florida Retail Federation, White Springs Agricultural Chemicals, Inc. d/b/a PCS Phosphate and the Southern Alliance for Clean Energy.
Smart energy future
"This settlement allows us to move forward to create a smarter energy future for our customers and communities," said Harry Sideris, Duke Energy state president – Florida. "It resolves the future of the Levy Nuclear Project and reinforces our commitment to building cost-effective solar in Florida. It also makes smart investments that will offer customers more information, choices and control of their energy needs while also providing greater reliability."
"We applaud Duke Energy Florida for working proactively with stakeholders to embrace smart technologies that are both good for consumers and the environment," said Dr. Stephen A. Smith executive director of the Southern Alliance for Clean Energy. "Large scale solar, electric vehicles and battery storage demonstrate that Duke is embracing technologies for the 21st century. We welcome Duke's willingness to work with stakeholders on data collection and any rate design changes impacting customer- owned demand side solar."
Your Renewable News adds that the agreement will take effect in January 2018 and will include investments of nearly $6 billion over the next four years while minimising the impact on customer
bills. [Duke Energy secures regulatory approval to deploy AMI and AMR meters]
"This settlement agreement shows that we're listening to our customers and key stakeholders. Our customers have told us they want electricity that is reliable, increasingly clean and more secure. They also want more value and options for their energy needs," said Sideris.
"This settlement delivers on all these customer and stakeholder expectations."
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