nuclear-news

Florida trying to undo nuclear plant financing

Florida trying to undo nuclear plant financing  Georgia lawmakers weigh similar bill this week 

AJC February 23, 2009By MARGARET NEWKIRK The Atlanta Journal-Constitution Monday, February 23, 2009 As Georgia lawmakers push forward with a nuclear financing bill this week, their counterparts in Florida are scrambling to undo a similar measure approved three years ago. In the past two weeks, Florida Republicans, including the state Senate president pro tem, drafted two bills aimed at a 2006 law requiring power customers to pay early for new nuclear reactors………………..

SB 31 would let the utility begin collecting $1.6 billion in project financing charges six years earlier, when construction begins.

The charges include about $600,000 in debt interest and $1 billion in “return on equity” — roughly, profit — for Georgia Power shareholders.

February 24, 2009 - Posted by Christina Macpherson | business and costs, USA