Florida regulators approve nuclear power costs recovery

Progress Energy Florida Florida Power & Light Public Service Commission

The Florida Public Service Commission unanimously approved cost recovery amounts for construction of planned and existing nuclear power plants for Progress Energy Florida and Florida Power & Light Co.

Progress Energy’s approved recovery of approximately $143 million includes costs associated with construction of the proposed Levy units 1 and 2 and to add capacity to the Crystal River 3 nuclear power plant. Crystal River recovery includes only prudent 2011 uprate costs since the PSC approved Progress’ motion to defer 2012-2013 project cost recovery to next year. Progress Energy’s nuclear projects are expected to add approximately 2,380 MW of base load generation to the system.

FPL’s approved recovery of approximately $151 million includes costs associated with construction of the planned units 6 and 7 at Turkey Point nuclear power plant and adding capacity to units 3 and 4 at Turkey Point and at units 1 and 2 at St. Lucie nuclear power plant. When completed, these projects are expected to add 2,722 MW of capacity.

Approved amounts for both Progress and FPL customer bills will be recovered through the fuel and capacity cost recovery charge on bills beginning in January.

Utilities normally cannot pass on expenses until new or renovated plants go into operation. However, the Florida Legislature enacted a law in 2006 that allows nuclear costs to be passed on in order to encourage development of new nuclear plants.

Subscribe to Nuclear Power International magazine

Sponsored by FLSmidth

Related Articles

Big Money in Shutting Down

When Entergy shut down the Vermont Yankee nuclear plant at the end of 2014, it brought the total number of U.S. reactors that have entered decommissioning in the past few years to five, joining San Onofre Units 2 and 3, Crystal River Unit 3, and Kewaunee.

Hatch nuclear Unit 2 back online after scheduled outage

Plant Hatch nuclear Unit 2 in Alabama began operations after completion of a scheduled refueling and maintenance outage.

Follow Power Engineering on Twitter
Latest News

Day & Zimmermann names Gale as VP of nuclear ops

Day & Zimmermann named Darren Gale as vice president of Nuclear Operations.

Egypt’s first nuclear power plant to break ground in 2016

Construction on Egypt’s first nuclear power plant is scheduled to start in mid-2016.

Dominion CEO: More power plants will be needed in Virginia

Dominion (NYSE:D) is developing a lot of new generating capacity, especially natural gas...

Energy-producing states blast Obama climate change plan

The Obama administration's far-reaching plan to address climate change would cause job losses...

N. American M&A’s earn $6.8bn in Q1 2015, report says

Merger and acquisition value in the North American power and utilities industry increased 55 ...

Habitat for Humanity, Tucson Electric Power to install solar power in homes

Tucson Electric Power (TEP) and sister company UniSource Energy Services (UES) have contribut...

Sunrun strikes energy storage deal with Tesla

Residential solar power company Sunrun has entered into an agreement with Telsa Motors to exp...

Georgia Power names new executives

Georgia Power, a subsidiary of Southern Company (NYSE: SO), has named Craig Barrs as executiv...

Power Engineering Current Issue

02/01/2015
Volume 119, Issue 2
1502PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Buyers Guide Product Listings

Nondestructive Examination and Testing

Advanced nondestructive examination, NDE, techn...

Engineering Services

Structural Integrity Associates, Inc. (SI) is a...

Buyers Guide Company Listings

Power Industry Wire News

Northwest Pipe Reports First Quarter 2015 Results and Announces Conference Call

Northwest Pipe Reports First Quarter 2015 Results and Announces Conference Call

Advanced Disposal Announces First Quarter Results

Advanced Disposal Announces First Quarter Results

ZBB Energy Corporation Announces Date and Conference Call Information for Fiscal 2015 Third Quarter Results

ZBB Energy Corporation Announces Date and Conference Call Information for Fiscal 2015 T...

Day & Zimmermann Names Darren Gale Vice President of Nuclear Operations

Day & Zimmermann Names Darren Gale Vice President of Nuclear Operations

Arrowhead Landfill Provides Safe Haven for Utilities Disposing of Coal Ash

Arrowhead Landfill Provides Safe Haven for Utilities Disposing of Coal Ash

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>