Progress Energy Fla. reactor focus of rate hearing

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TALLAHASSE, Fla. (AP) — Lawyers for industrial consumers on Monday questioned Progress Energy Florida’s approach to calculating how much insurance money the utility can expect in 2013 to help pay for power to replace output from a crippled nuclear reactor.

State regulators didn’t immediately resolve that issue but approved rate increases for fuel, replacement power, conservation and other annually adjusted recovery charges for two smaller companies, Gulf Power Co. and Florida Public Utilities Co., and a reduction for a third, Tampa Electric Co.

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