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Utility regulators sign off on $62.7 million for FPL nuke costs

by Dara Kam | October 16th, 2009

The Public Service Commission just agreed by a 3-1 vote to let customers pick up the tab for $62.7 million of Florida Power & Light’s construction costs for new nuclear power plants.

Commissioner Nancy Argenziano casting the sole vote against the increase.

FPL customers will pay $0.67 for 1,000 kilowatt hours for the nuclear cost charges next year as a result of today’s vote.

The Juno Beach-based utility is also asking for a $1.3 billion base rate hike, but when the panel votes on that issue remains unclear.

Gov. Charlie Crist asked the PSC to wait until next year when his two new appointees to the regulatory agency come on board to vote on the FPL base rate hike and another $500 million base rate increase sought by Progress Energy Florida.

Argenziano, appointed by Crist in 2007, is likely to become chairwoman of the panel next year.

Even if FPL’s base rate increase is approved, customers’ bills will go down by at least $9 because of a drop in fuel charges.

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6 Responses to “Utility regulators sign off on $62.7 million for FPL nuke costs”

  1. Tickedoff Says:

    FPL is a monolpoly that has every politician in there back pocket. Nice. Let customers pick up the tab for you to make more money. I swear I hope you all go to jail!! Karma is a bitch!

  2. LicensedToSteal Says:

    Only two words come to my mind when you mention FPL or PSC…corruption and greed. I wonder what would happen if everyone stuck together and not paid FPL for 3 months in protest. Perhaps they would lower their rate.

  3. Rick Says:

    How Dare They! This Is An Outrage! But What Can The People Do About It??? The Answer Is…NOTHING!

    We Have Been FU**ED AGAIN!

  4. Edward Says:

    Give me Nuclear power any day over coal. I invite anyone that has a protest against the nuclear sites to go move to Tampa and try living next to the sulphuric acid spewing TECO plants. At least FPL is all about clean energy.

  5. Tickedoff Says:

    since you love FPL so much do you mind if we ask that you pay for the increase on all of our, already skyrockted elctric bills?

  6. Thomas Saporito Says:

    The State of Florida does not need two more nuclear power plants intended by FPL. Solar power is the future of Florida and I have declared my candidacy for the Office of Governor to make Florida the nation’s leader in renewable energy sources. Please download a voter petition at and give me an opportunity to protect our environment for your children.

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