PSC staff recommends $292M nuclear pass-on in Fla.

Environmental group rips PSC staff recommendation for $292M nuclear pass-on to Fla. customers

RELATED QUOTES

SymbolPriceChange
NEE77.30-0.92
DUK68.88-0.88

TALLAHASSEE, Fla. (AP) -- An environmental group is criticizing a Florida Public Service Commission staff recommendation to bill utility customers $292 million in costs related to future construction, expansion or upgrades of nuclear power plants.

Southern Alliance for Clean Energy's executive director Stephen Smith said Thursday that the recommendation puts power company profits ahead of consumers' best interests.

PSC staffers are proposing nuclear cost recovery charges next year of more than $150 million for Florida Power & Light Co. and $142 million for Progress Energy Florida. Florida Power is a unit of NextEra Energy Inc. and Progress Energy Florida is part of Duke Energy Corp.

The commission is to make a decision on Nov. 26.

State law permits annually billing customers for planned nuclear projects regardless of whether those plans are ever carried out. Utilities cannot bill customers for other kinds of power plants until they are operational.

  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    In the wake of the Washington state bridge collapse, would you support a tax hike for infrastructure projects?

    Loading...
    Poll Choice Options