PSC defers decision on nuclear cost recovery

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Special to the Citizen

While Duke Energy successfully got the Public Service Commission to defer a decision on nuclear cost recovery for Crystal River and the Levy County projects to 2014, rate hikes will kick in as scheduled.

Even though the Crystal River area nuclear plant, known as CR3, has been offline since 2009 and is now retired, Duke customers will continue to pay for a planned $617 million attempt to increase the plant’s power output.

Monday, the PSC agreed to Duke’s request to delay a determination on the company’s request to recover about $175 million from ratepayers in 2014. About $106 million relates to the Levy County nuclear plant — which, last week, Duke said it will not construct — and about $69 million is for CR3.

Customers already pay for those projects. Starting in January, the slice for CR3 costs will increase by 89 cents per month for an average bill; customers currently pay about $3.45 a month for costs associated with CR3.

Duke will recover approximately $265 million over seven years.

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