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

Second-oldest nuclear reactor in S. Korea OK to restart

South Korea’s nuclear watchdog approved a plan to restart a 679-MW nuclear power unit that was shut down after reaching its 30-year lifespan.

 GDF Suez wants Areva to deliver nuclear reactors, wind turbines

GDF Suez wants Areva to deliver nuclear reactors, wind turbines

GDF Suez says it received guarantees from Areva for planned nuclear reactors in Turkey and wind turbines in France.

Follow Power Engineering on Twitter
Latest News

NRC proposes $17,500 penalty against Kewaunee nuclear power plant

The U.S. Nuclear Regulatory Commission (NRC) proposed a $17,500 fine against Dominion Energy ...

Turkey-Japan nuclear power plant agreement approved

An international agreement to build a second nuclear power plant in Turkey was accepted by Pa...

Groups oppose call by New Mexico utility for higher rates

A proposal by New Mexico's largest electric provider to raise its rates is running into oppos...

NH Electric Co-op, Liberty customers to see rate decrease

PLYMOUTH, N.H. (AP) - New Hampshire Electric Cooperative and Liberty Utilities say customers ...

DOE, US Army Corps extends MOU for Hydropower

The Departments of Interior, the Department of Energy (DOE), and the U.S. Army Corps of Engin...

Atlantic Power Corp. to sell wind energy portfolio for $350mn

Atlantic Power Corp. (NYSE: AT) signed an agreement to sell its wind generation portfolio to ...

General Compression, SustainX to merge as GCX Energy Storage

General Compression and SustainX, both fuel-free compressed air energy storage (CAES) technol...

Alliant subsidiary advances emissions projects at Iowa coal plants

Interstate Power and Light (IPL), which is a subsidiary of Alliant Energy (NYSE: LNT), told t...

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

Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock

Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock, Ser...

Totally Green Reports 2014 Full Year Results

Totally Green Reports 2014 Full Year Results

OKI Data Americas Introduces the MC873dn -- a New Smart, Compact, Wide Format A3 Color Multifunction Device for Small to Mid-Sized Workgroups

OKI Data Americas Introduces the MC873dn -- a New Smart, Compact, Wide Format A3 Color ...

Vega Biofuels Sets Date for Shareholder Conference Call

Vega Biofuels Sets Date for Shareholder Conference Call

Blue Earth Announces Sumter CHP Plant Energized on March 30, 2015

Blue Earth Announces Sumter CHP Plant Energized on March 30, 2015

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 >>