Utility regulators sign off on $62.7 million for FPL nuke costsby 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.