Fla. considers changes in nuclear utility rates

Posted by Robyn, April 15, 2013

flnuclearFlorida’s large utility companies could be forced to change how much they charge customers for future nuclear power plants.

A legislative push to tinker with a controversial seven-year-old law is gaining momentum in the halls of the state Capitol despite the united opposition of power companies such as Florida Power & Light and Progress Energy.

Utilities normally cannot begin billing customers for the construction costs or upgrades until generating facilities go into service. But a 2006 law carved out an exception to that policy for nuclear power. That law has come under fire because it allows customers to be charged even if the plant never gets built.

An effort to repeal the law has gone nowhere during the last few years.

But a Senate panel on Monday approved a bill (SB 1472) that would place new limits on how much utilities could collect. It would also require state regulators to sign off on the fee again after the utility reaches certain stages in the licensing and construction of the plant.

via Fla. considers changes in nuclear utility rates | Gainesville.com.