nuclear-news

Call for a priority removal of Florida’s nuclear ‘advance fee’

AARP seeks repeal of nuclear ‘advance fee’ as a priority in 2014 Ivan Penn, Tampa Bay Times, 9 Dec 13 In its December newsletter, the AARP pledged that one of its 2014 legislative goals is the repeal of the state law that allows utilities to charge customers in advance for new nuclear projects.

AARP said it is backing a small but growing coalition of lawmakers who believe the law is an unfair tax on consumers who may get nothing from the charges. The Nuclear Cost Recovery Clause or so-called “advance fee” has been a growing point of contention since Duke Energy and Florida Power & Light began using the statute for proposed nuclear plants that may never get built.

In August, Duke canceled its proposed project in Levy County after running up $1.5 billion in costs that customers still must pay. In addition, the utility spent hundreds of millions as part of the failed upgrade of the Crystal River nuclear plant that permanently closed in February……http://www.tampabay.com/news/business/energy/aarp-seeks-repeal-of-nuclear-advance-fee-as-a-priority-in-2014/2156258

December 10, 2013 - Posted by Christina Macpherson | politics, USA