Duke Energy reaches settlement agreement with state

Duke Energy announced Tuesday it had filed a settlement agreement with the Florida Public Service Commission (PSC). The good news: Rates won’t be increasing as expected. “This settlement has broad support and was developed collaboratively with the Office of Public Counsel and other consumer advocates, including the Florida Industrial Power Users Group, White Springs Agricultural Chemicals, Inc., d/b/a PCS Phosphate, Florida Retail Federation and Southern Alliance for Clean Energy,” the company said in a press release. “If approved by the…