FPL's nuclear power rate decrease approved

By Staff Writer · St. Augustine Record

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Florida's Public Service Commission unanimously approved $294 million in nuclear cost recovery charges for FPL and Progress Energy Florida customers in 2012, despite objections from consumer advocates. Stephen Smith, executive director of the Southern Alliance for Clean Energy, criticized the nuclear cost recovery law as an "unfortunate situation" forcing customers to pay upfront for electricity that may never be produced. SACE has challenged the law in the Florida Supreme Court.

This is an extremely unfortunate situation for utility customers in Florida who are being forced to pay this `nuclear tax' up front for electricity that will very likely never be produced from proposed new reactors
Stephen A. Smith

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