PSC OKs Duke’s spending plan

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By Pat Faherty 

Special to the Citizen

The Florida Public Service Commission has agreed with Duke Energy on how the utility will spend its decommissioning trust funds for the Crystal River area nuclear plant, known as CR3.

The money, an estimated $600 million, was collected from customers in the past. The fund was required by the Nuclear Regulatory Commission to cover the decommissioning process.

Duke wanted the PSC to reaffirm previous orders and approved its use of the funds to cover costs that fall under license termination, spent fuel management and site restoration.

That differs from the NRC system of having the full fund available for license termination.

Duke also wanted a declaration from the PSC affirming its position. PSC staff and the Office of Public Counsel supported Duke’s request without the declaration.

At the PSC conference meeting Wednesday, Commissioner Eduardo Balbis asked whether Duke’s retiring CR3 early to access the funds ahead of time would save customers money or cost more.

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