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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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.

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