Monday, October 6, 2014

Nuclear Power: Florida PSC credits $54MM to Duke Energy customers

PennEnergy - By PennEnergy Editorial Staff

The three-member panel of the Florida Public Service Commission (PSC) has ordered that a credit be given to Duke Energy Florida (NYSE: DUK) customers for $54 million dollars in equipment that was never received for the defunct Levy Nuclear Project. In 2013, Duke Energy terminated the engineering, procurement and construction (EPC) agreement for the proposed 1,100 MW nuclear power plant, as part of a settlement with PSC.

Commissioner Julie I. Brown stated "We need to pause here and reflect on what is fair, just and in the public interest. $3.45 per month may not seem like a lot to some people, but it means everything to Duke's customers. Customers shouldn't have to pay for something that was never delivered on."

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