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

TEPCO completes nuclear fuel assemblies removal from Fukushima 4

Tokyo Electric Power Co. (TEPCO) said it has safely removed the fuel assemblies from the most damaged nuclear reactor at the Fukushima Daiichi nuclear power plant.

SKorea holds N-plant drills against cyber threats

South Korea's monopoly nuclear power company said it began drills Monday against possible cyberattacks after online threats of attack against its plants.

Follow Power Engineering on Twitter

Latest News

Capstone Turbine corporation shale oil and gas microturbines Horizon Power Systems

Capstone Turbine Receives Follow-On Order for Fifteen C65s from Horizon Power Systems

Capstone Turbine Corp. received an order for 15 C65 microturbines for shale oil and gas custo...
Yucca Mountain Nevada nuclear spent fuel waste repository DOE application NRC review SER evaluation volumes

NRC publishes last two volumes of Yucca Mountain safety evaluation

The NRC published two more volumes of its safety evaluation on a geologic high-level nuclear ...

American wind power rebounds in 2014, but stable policy still needed

The fourth quarter 2014 wind energy industry report released yesterday by the American Wind E...
Taishan nuclear power plant China CGN Areva EPR European Pressurized Reactor EDF delay

Taishan nuclear reactor completion delayed a year

EDF says the first of two nuclear reactors under construction at a Chinese power project will...
01/28 Henry Hub Average Natural Gas Spot Prices

01/28 Henry Hub Average Natural Gas Spot Prices

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York M...

Weekly Coal Production Report

The Weekly Coal Production Report has been updated for the week ended January 24, 2015.

Hawaii energy executives tell lawmakers plans for takeover

An official at NextEra Energy told Hawaii lawmakers that his company does not plan to lay off...

Dominion seeks rate freeze against opposition on many fronts

Virginia's biggest electric utility wants to weaken state oversight of its rates, saying the ...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-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

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

Miller Energy Declares Cash Dividends on Its Series B, Series C and Series D Preferred Stock

Miller Energy Declares Cash Dividends on Its Series B, Series C and Series D Preferred ...

ACD Systems Announces Advanced Geographical Information System (GIS) Data Solution

ACD Systems Announces Advanced Geographical Information System (GIS) Data Solution

Scorpio Bulkers Inc. Announces Closing of a Previously Announced Credit Facility

Scorpio Bulkers Inc. Announces Closing of a Previously Announced Credit Facility

Scorpio Tankers Inc. Announces Delivery of a Newbuilding LR2

Scorpio Tankers Inc. Announces Delivery of a Newbuilding LR2

Forbes Magazine Ranks Precision Frac #4

Forbes Magazine Ranks Precision Frac #4

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 >>