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Florida regulators ruling on nuclear power rates

7:58 AM, Nov 26, 2012   |    comments
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TALLAHASSEE, Fla. -- State regulators are considering requests from Florida's two largest electric utilities to continue passing future nuclear facility costs on to their customers in 2013.
    
The Public Service Commission is taking up the proposals from Florida Power & Light Co. and Progress Energy Florida on Monday.
    
FPL is seeking $151 million, which would be $1.65 per month for a typical residential customer using 1,000 kilowatt hours. That's 55 cents less than this year's nuclear cost recovery charge.
    
Progress wants $143 million. That would increase the current charge for a 1,000-kilowatt hour customer by $1.80 to $4.73 per month.
    
Utilities normally cannot pass on such expenses until new or renovated plants go into operation. State law, however, makes an exception for nuclear facilities to encourage that form of power generation.

Associated Press

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