J. Approval of Closing Agreement with Duke Energy Florida Finalizing Audit Results

City Commission · 2026-04-13 · agenda_item

This item concerns a closing agreement between the City of Wildwood and Duke Energy Florida. The agreement finalizes audit results, leading to Duke Energy paying the city approximately $793,000 in franchise fees and utility taxes that were previously underpaid. The audit process involved Duke Energy cooperating well with the city. This agreement has been approved by the City Commission. While this item does not involve new construction, it represents the finalization of a financial settlement. Businesses involved in financial services, auditing, or legal counsel related to utility agreements may find this relevant. Early engagement with city departments handling financial settlements could be beneficial.

payment to the city

793000 $