New Projects, Nuclear, Reactors

Florida Regulators Reject Cost Recovery Plan for Turkey Point Nuclear Build

By Editors of Power Engineering

The Florida Public Service Commission has rejected a $49 million cost recovery proposal for continued development of the Turkey Point Nuclear expansion.

By a 4-1 vote, the commission ruled Florida Power & Light does not have a required feasibility analysis to show the two new reactors will benefit customers, and that the utility cannot collect costs incurred after 2016, the Palm Beach Post reported.

Development of the 2,200-MW Turkey Point Units 6 and 7, originally proposed in 2006, has stalled in recent years, with FPL asking for a deferral in its required annual financial analysis in 2015, 2016 and this year. As of August, FPL has spent $315 on the development of the new units, with another $90 million to be spent during the next five years. The total estimated cost of the project is $17.8 billion.

If built, the project would use two AP-100 reactors from Westinghouse, which has filed for bankruptcy and exited nuclear construction.