The Florida Public Service Commission (FPSC) has approved a base rate adjustment for Tampa Electric Company (TECO) that will take effect in 2026. The adjustment accounts for the annualized costs of projects completed in 2025 and allows TECO to recover costs related to the Polk Fuel Diversity project.
In 2024, the FPSC approved an increase in TECO’s revenue requirement by $87.7 million, mainly for projects entering service in 2025. On September 4, 2025, TECO requested permission from the Commission to implement the Subsequent Year Adjustment (SYA) for 2026, which represents an additional increase to its authorized base rates.
Starting with the first billing cycle of January 2026, residential customers using 1,000 kilowatt-hours per month will see their monthly bills rise by $5.51—from $97.47 to $102.98.
The SYA covers cost recovery for several initiatives: the Polk 1 Flexibility Project, energy storage expansion, corporate headquarters development, Bearss Operations Center modernization, South Tampa Resilience Project, GRR (PLTE Spectrum) upgrades, and the Cottonmouth and Longbranch Solar Projects. These projects were either placed into service in 2025 or are expected to be operational by year-end. Additionally, two unit upgrades as part of the Polk Fuel Diversity Project are anticipated to begin service in 2026.
TECO provides electricity to about 844,000 customers across a territory covering approximately 2,000 square miles in Hillsborough County and parts of Polk, Pasco, and Pinellas counties.
