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Progress Energy is looking to raise rates by 31 percent in Florida to deal with rising fuel prices, environmental improvements and planning for additional carbon-free nuclear power to meet future growth.

If Florida regulators approve the company's 2009 fuel-cost projections, clean-air expenses, nuclear pre-construction costs and other factors, the average residential monthly bill would increase by 31 percent, to $144.86, from $110.59 starting in January.

The company said the increase of about $34 includes about $21 for projected fuel costs in 2009, about $11 for new nuclear-plant construction, and about $1 for environmental projects, including the installation of the latest clean-air technology at the company's coal-fired power plants.

The proposal comes as Progress Energy (NYSE: PGN), which is based in Raleigh, also seeks a rate hike in North Carolina savings account payday advance. The company asked N.C. regulators in June for a 16 percent increase in rates that would cover just the cost of fuel. It has yet to ask to raise rates to deal with new nuclear construction efforts, though the company has filed with federal regulators to build two new reactors at the Shearon Harris site in southwestern Wake County.

North Carolina officials are expected to rule on Progress’ request by year’s end.

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