Florida regulators holding nuclear costs hearing

Published On: Sep 06 2012 05:16:57 AM EDT
Updated On: Oct 02 2012 04:25:51 PM EDT
TALLAHASSEE, Fla. -

The Florida Public Service Commission is considering whether the state's largest electric utility can charge customers for costs related to incomplete nuclear power plant projects in 2013.

The panel began hearing testimony Wednesday and will rule at a later date.

Florida Power & Light Co. is seeking $151.5 million for upgrading existing facilities at its St. Lucie plant and adding two reactors to its Turkey Point plant.

If approved, that would add $1.69 to the monthly bill for 1,000 kilowatt hours, which is about the average residential use.

Commissioners, though, deferred Progress Energy Florida's request for $13 million to repair a shut-down reactor at Crystal River. The commission earlier this year approved limited recovery costs for a proposed Levy County plant as part of a larger rate settlement.

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