Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, February 24, 2016

Florida Ratepayers Again Challenge Nuclear Cost Recovery System

Florida Ratepayers Again Challenge Nuclear Cost Recovery System

Ratepayers in Florida are challenging Duke Energy and Florida Power & Light in a class action suit that alleges they were illegally forced to pay $2 billion in nuclear power plant construction costs for abandoned projects that were never completed.

Among the projects in contention are a two-reactor build for a plant in Levy County, Fla., for which Duke began to collect fees from ratepayers in 2008. The project, however, was canceled in 2013.

The utility is currently allowed to keep the fees for projects, which were approved by state regulators.

The lawsuit, filed in the U.S. District Court for the Southern District of Florida on behalf of 6.4 million customers, seeks to have customers reimbursed for the fees and a binding agreement that declares any fees imposed by Florida's Nuclear Cost Recovery System are unconstitutional. Read more and comment http://nuclearstreet.com/nuclear_power_industry_news/b/nuclear_power_news/archive/2016/02/24/florida-ratepayers-again-challenge-nuclear-cost-recovery-system-022402#.Vs3RzCmGhRl

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