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Federal and State lawmakers seek some restraints on advance charging of customers for nuclear construction

Flag-USACastor seeks more accountability from states using nuclear advance fee Tampa Bay Times Ivan Penn  17 Jan 14  U.S. Rep. Kathy Castor wants more accountability in use of state laws that allow utilities to charge customers in advance for construction of new nuclear power plants.

Castor is filing legislation that would require states to conduct analyses that show use of the advance fee would be a “good business decision” and that detail how the projects will be financed. Prompted by reports in the Tampa Bay Times about how Duke Energy customers will pay about $1.5 billion for the now cancelled Levy County nuclear project, Castor and state Rep. Dwight Dudley have been working to change Florida energy policy.

“Consumers should not be on the hook for bad business decisions,” Castor said during a press conference Friday at Dudley’s legislative office in St. Petersburg.

On the state level, Dudley is drafting legislation that would repeal use of the Nuclear Cost Recovery Clause or what he calls a “utility tax” in Florida. Dudley and Castor are also proposing legislation that would enable and support greater use of renewable energy such as solar power.

The lawmakers said they believe these changes would help save consumers money at a time when Tallahassee focuses more on building profits for utility companies. They said current laws incentivize utilities to build big box power plants for greater profits rather than use energy efficiency or renewable sources.

“The deck is stacked against consumers,” Castor said. “We do not have a level playing filed here in Florida.”……..utilities make their money by building new power plants rather than finding ways to reduce energy consumption and take advantage of renewable energy to save customers money and reduce the carbon footprint. http://www.tampabay.com/news/business/energy/castor-seeks-more-accountability-from-states-using-nuclear-advance-fee/2161532

January 18, 2014 - Posted by | Uncategorized

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