Gulf Power has agreed to a settlement in their latest rate case at the Public Service Commission.

Charles Rehwinkle, at the Public Counsel's office, says the power company agreed to drop its request for a $50 monthly minimum from every residential customer.

"One of the most controversial lightning-rod issues in this case was a proposed redesign of residential rate structure," he said. "That is no longer before the commission and it has been resolved in the settlement."

The settlement has been endorsed by Earth Justice, the League of Women Voters and the Southern Alliance for Clean Energy.

It's still not official until the Public Service Commission signs off on the deal, but that appears to be nothing more than a formality.