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

[Image Gallery]

 Basin Electric wants to expand Williston-area power station

Basin Electric wants to expand Williston-area power station

Basin Electric Power Cooperative wants to expand the capacity of its 135-megawatt Pioneer Gen...
 Vermont House endorses renewable energy package

Vermont House endorses renewable energy package

The Vermont House has advanced a wide-ranging bill that pushes utilities beyond electricity t...
 W.Va. lawmakers clears bill touted by state's coal industry

W.Va. lawmakers clears bill touted by state's coal industry

West Virginia lawmakers have approved a proposal lauded by the struggling coal industry and c...
 Google invests $300Mn in SolarCity

Google invests $300Mn in SolarCity

Google Inc. is investing $300 million equity stake in a fund created by SolarCity Corp. to fi...
Solana

Power Engineering Photo of the Day

 France’s nuclear power plant shuts down due to pipe leak

France’s nuclear power plant shuts down due to pipe leak

Unit 1 at the Fessenheim nuclear power plant in France shut down Feb. 28 following the discov...
 Indian Point nuclear Unit 3 down for $50mn refueling outage

Indian Point nuclear Unit 3 down for $50mn refueling outage

Entergy (NYSE: ETR)’s Indian Point nuclear power plant Unit 3 in New York shut down for a pla...

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

SLI Global Solutions Joins the GLI Group of Companies

SLI Global Solutions Joins the GLI Group of Companies

FLIR Systems Announces Resignation of Chief Financial Officer and Promotion of Shane Harrison to Senior Vice President, Corporate Development and Strategy

FLIR Systems Announces Resignation of Chief Financial Officer and Promotion of Shane Ha...

American Eagle Energy Announces Operations and Reserves Update and Guidance

American Eagle Energy Announces Operations and Reserves Update and Guidance

Parsons Acquires T.J. Cross Engineers, Inc.

Parsons Acquires T.J. Cross Engineers, Inc.

Energy Experts Discuss 2015: Synergy Resources, Earthstone Energy, Fortis Energy Services, Samson Oil & Gas, Wunderlich Securities -- Exclusive Video Interviews With EnerCom's Oil & Gas 360(R)

Energy Experts Discuss 2015: Synergy Resources, Earthstone Energy, Fortis Energy Servic...

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 >>