Thursday, February 23, 2012

Florida's Gulf Power May Get Nuclear Power Plant

Next week the Florida Public Service Commission will make a major decision about your power bill and the future of a possible Gulf Power Nuclear Plant.

An important recommendation has been made and it has many people talking.Gulf Power customers are reacting to an influential recommendation from the staff of the Florida Public Service Commission.

The commission's staff says Gulf Power should get about $30 million less than the more than $93 million the company is asking for money that could partly come from Gulf Power customers. To be clear the staff of the Florida Public Service Commission doesn't make the decision. But analysts say its recommendation will likely play a big part in how commission members vote.

Gulf Power says the money it wants will fund operating costs and land it has purchased near McDavid. That land may be used for a possible power plant.Gulf Power says it could wind up being a nuclear facility, which is getting a mixed reaction from local residents.. Gulf Power says the money is needed in part because of rising costs and the tough economy.

The Florida Public Service Commission is set to make a decision on the deal on Monday. It will then decide how rates for customers will be affected on March 12th.

LINK

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