Residents of St. Petersburg, Florida, are facing rising electricity bills, prompting city leaders to consider a significant shift in how power is provided. On Thursday, the city council will vote on whether to allocate $590,000 for a feasibility study to explore the possibility of establishing a city-owned utility, potentially ending the city’s reliance on Duke Energy.

Community Concerns

Families in St. Pete have been feeling the financial strain as electricity rates continue to climb. The city’s 30-year agreement with Duke Energy is set to expire on August 1, and the potential for a municipal utility is being seen as a way to alleviate these costs. City Council member Richie Floyd emphasized the importance of reducing living expenses, noting that Duke Energy charges the highest rates in the state.

Neighboring Clearwater conducted a similar study last year, discovering potential cost savings for customers. Other Florida cities like Key West, Orlando, and Lakeland operate their own utilities, reportedly saving customers an average of 20% compared to Duke Energy.

Uncertainties and Debate

While the potential benefits are appealing, there are still many unknowns. The costs associated with building and operating a new utility network remain unclear, as does the timeline for a complete transition away from Duke Energy. City leaders anticipate a thorough debate on the pros and cons, with final savings for households yet to be determined.

Duke Energy’s Position

Duke Energy is keen to maintain its relationship with St. Petersburg and is expected to oppose the potential split. A spokesperson for Duke Energy highlighted the immediate benefits of renewing the franchise agreement, emphasizing their commitment to providing safe and reliable power.

Local Advocacy

Local residents, organized under the ‘Dump Duke’ campaign, have been vocal in their demands for exploring alternative power options. Organizer Jason Scott expressed a desire for local control over infrastructure, particularly in enhancing resiliency against hurricanes.

Next Steps

If the city council approves the study funding, consultants will begin data collection immediately, with a final report expected in eight to nine months. This decision represents a rare opportunity to reassess the city’s energy future, according to Council member Floyd. Meanwhile, Clearwater is expected to revisit its own utility study in the coming months.

Original reporting: Tampa Bay Florida News (HLL/CB) — read the source article.