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Guidelines tightened on nuclear advance fees for utilities (Florida)
From last week:
http://www.bradenton.com/2013/05/03/4509859/utilities-must-be-able-to-demonstrate.html
Guidelines tightened on nuclear advance fees for utilities
Published: May 3, 2013
By IVAN PENN and MARY ELLEN KLAS — Herald/Times Tallahassee Bureau
In the short term, Duke Energy can keep collecting the "advance fee" money already approved for the Levy County nuclear plant.
But, in the future, it will get a little harder for the utility, and others such as Florida Power & Light, to charge customers more.
The Florida Senate voted 40-0 Thursday to give final approval to a bill with tougher guidelines for use of the advance fee. Senate Bill 1472 now goes to the governor.
<snip>
SB 1472 states that if a utility cannot demonstrate it plans to complete the construction of the nuclear plant, it will no longer be allowed to collect money. The utility has 10 years after receiving its federal license to begin construction or lose access to the fee.
It must also prove the plant is economically "feasible" and "reasonable" to continue moving forward with the projects. Existing law required only that plants be "feasible."
Questions abound whether Duke Energy's Levy project remains reasonable at a projected $24.7 billion -- the most expensive nuclear plant in U.S. history.
<snip>
Guidelines tightened on nuclear advance fees for utilities
Published: May 3, 2013
By IVAN PENN and MARY ELLEN KLAS — Herald/Times Tallahassee Bureau
In the short term, Duke Energy can keep collecting the "advance fee" money already approved for the Levy County nuclear plant.
But, in the future, it will get a little harder for the utility, and others such as Florida Power & Light, to charge customers more.
The Florida Senate voted 40-0 Thursday to give final approval to a bill with tougher guidelines for use of the advance fee. Senate Bill 1472 now goes to the governor.
<snip>
SB 1472 states that if a utility cannot demonstrate it plans to complete the construction of the nuclear plant, it will no longer be allowed to collect money. The utility has 10 years after receiving its federal license to begin construction or lose access to the fee.
It must also prove the plant is economically "feasible" and "reasonable" to continue moving forward with the projects. Existing law required only that plants be "feasible."
Questions abound whether Duke Energy's Levy project remains reasonable at a projected $24.7 billion -- the most expensive nuclear plant in U.S. history.
<snip>
