Tuesday, July 31, 2007

UPDATE 1-Florida orders Progress to refund $13.8 mln

(Reuters) - After a four-hour discussion, the commission voted to
accept a staff recommendation that the St. Petersburg utility
was imprudent in purchasing coal for two units at its Crystal
River generating station in Citrus County.




The staff recommendation calling for a $12 million refund,
plus interest, was far short of a request from the state's
consumer advocate and the attorney general who sought refunds
and interest totaling $155 million, according to filings from
the agency's Web site.


Read more at Reuters.com Bonds News

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