Florida city drops public power plan, signs 30-year Duke Energy deal despite projected savings

Clearwater, Florida, decided to renew its contract with Duke Energy for another 30 years, foregoing a city-owned utility despite a study indicating potential cost savings for residents. The City Council unanimously approved the deal, which includes $2 million in commitments from Duke Energy for storm hardening and beautification, prioritizing stability over the potential benefits of a municipal power system. This decision maintains the status quo with a monopoly utility, despite some local frustration over rising power bills and tree cutting.