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New law to prevent nuclear utilities to charge customers in advance of nuclear build

Under proposed law, utilities could not charge for nuclear plants before they’re built The News Service of Florida, January 21, 2014  A House Democrat on Tuesday filed a proposed constitutional amendment that would prevent utilities from charging customers for new power plants until the facilities start operating.

The proposal (HJR 693) by Rep. Dwight Dudley, D-St. Petersburg, comes after Florida Power & Light and Duke Energy Florida have used a controversial 2006 law to collect hundreds of millions of dollars from customers for nuclear projects.

text-my-money-2The law has been controversial, at least in part, because there is no guarantee when – if ever – the new plants will start operating. Duke, for example, shelved plans to build two nuclear reactors in Levy County after collecting money for the project……http://www.ocala.com/article/20140121/WIRE/140129933?Title=Under-proposed-law-utilities-could-not-charge-for-nuclear-plants-before-they-re-built#gsc.tab=0

January 22, 2014 - Posted by | Uncategorized

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