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Press Mention Bloomberg Businessweek October 1, 2013

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Florida regulators approve nuclear power charges

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The Florida Public Service Commission approved new nuclear power charges for Florida Power & Light, allowing the utility to recover $43.4 million in costs associated with existing and proposed nuclear reactors. The Southern Alliance for Clean Energy criticized the decision, arguing that customers were paying a "nuclear tax" for reactors unlikely to be built.

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Florida regulators approve nuclear power charges
October 02, 2013

TALLAHASSEE, Fla. (AP) — State regulators are signing off on new nuclear power charges for Florida's largest electric company.

The Florida Public Service Commission on Tuesday approved charges sought by Florida Power & Light Co. to cover $43.4 million in costs associated with existing nuclear reactors as well as two proposed reactors.

FPL customers will have an average charge of 46 cents on their monthly bills starting in January. This is a $1.19 decrease from the existing charge.

But one group questioned part of the charge approved by the PSC. The Southern Alliance for Clean Energy said customers were paying a "nuclear tax" for reactors that will likely never be built.

Juno Beach-based FPL serves 4.5 million homes, businesses and other customers in South Florida and along the state's east coast.