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Florida regulators approve $294 million for future nuclear power plants

Florida regulators approve $294 million for future nuclear power plants 27 Nov 2012 Florida's two largest electric utilities won state approval Monday to charge customers $294 million in costs for future nuclear facilities in 2013, despite objections from consumer advocates. FPL, a unit of NextEra Energy Inc., sought $151 million, which will be $1.69 per month for a typical residential customer using 1,000 kilowatt hours. Progress, a unit of Duke Energy Corp., will get $143 million. Utilities normally cannot pass on such expenses until new or renovated plants go into operation, but state law makes an exception for nuclear facilities. The [corporate welfare] law is designed to encourage nuclear power despite high construction costs compared to other generating options. Since the law went into effect, more than $1 billion in expenses for future nuclear facilities already have been passed on.

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Floriduh, prepare for Three-Mile Inglis, St. Lucifer and Turkey PointLess!