Nuclear cost recovery OK’d

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Progress to charge $143M in 2013


Special to the Citizen

Progress Energy Florida will be able to charge customers approximately $143 million in 2013 to cover costs associated with the Crystal River nuclear plant and the proposed plant in Levy County.

But residential customers can still expect lower electricity bills. Monday, the Florida Public Service Commission accepted its staff recommendations for the 2013 nuclear cost recovery amounts, capping a process that started in March and April when Progress Energy filed petitions seeking approval to recover estimated 2012 costs and projected 2013 costs.

The Progress Energy petitions raised about a dozen issues surrounding cost recovery for both sites, which were discussed and approved.

Under Florida statute, utilities may recover certain construction costs associated with the development and maintenance of nuclear power plants.


 The PSC evaluates these costs annually and approves amounts recovered through the fuel and capacity cost recovery charge on customers’ bills.

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