nuclear-news

Florida’s new nuclear plants – costs escalating

Rising cost of Florida’s new nuclear power getting scrutiny Customer groups ask state regulators to require FPL and Progress Energy to answer how much new nuclear plants will cost and when they’ll be built, Miami Herald, Mary Ellen Klas, 1 August 11,  TALLAHASSEE –– For the past two years, customers of Florida’s largest electric companies have been paying to build new nuclear power plants that have an escalating price tag and no guarantee of completion.Attorneys for consumers and the state’s largest electricity users told the Public Service Commission on Monday to demand answers from the utilities…..

The Office of Public Counsel also wants the PSC to impose stronger standards on how FPL calculates its costs. It said that the cost of expanding its nuclear capacity at its Turkey Point plant has escalated from $1.4 billion to $1.8 billion in the last year, but the company makes the project appear more cost effective by not including what it has already spent on the project……http://www.miamiherald.com/2011/08/01/2340842/rising-cost-of-floridas-new-nuclear.html

August 2, 2011 - Posted by Christina Macpherson | business and costs, USA