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Florida residents have to pay up in advance for nuclear plant extensions that are not yet scrutinized

FPL customers set to pay $31 million in 2011 for proposed nuclear projects South Florida Sun-Sentinel.com, by Julie Patel, 7 Sept 10,  Costs approved before they’re scrutinized by the Public Service Commission The Public Service Commission agreed to allow Florida Power & Light to charge customers $31 million next year to cover costs of planning proposed nuclear plant expansions.That works out to about 33 cents on residential customers’ monthly bills for 1,000 kilowatt-hours — about half of what they are paying this year for the nuclear costs.

The commission approved the costs Tuesday by a 3-2 vote after backpedaling on a recent decision to require FPL executives to answer regulators’ questions on the costs…….

The PSC wanted FPL’s president, Armando Olivera, and two others to answer questions about nuclear costs. But the PSC on Tuesday postponed a full hearing on nuclear costs until next year — when the makeup of the commission will have changed.

Regulators approved an agreement between FPL and consumer groups to allow the utility to charge customers for nuclear costs in 2011 before FPL is questioned about them….

Customers to pay less for FPL nuclear costs next year – South Florida Sun-Sentinel.com

September 8, 2010 - Posted by | business and costs, USA | , , ,

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