The state Public Service Commission is considering annual rate adjustments sought by Progress Energy Florida including a charge for power purchased to replace output from a crippled nuclear reactor.
The commission will decide on fuel, purchased power and other adjustments after resolving a dispute over how much insurance money Progress can expect in 2013 for the damaged reactor at Crystal River.
The utility anticipates only the remaining $327.6 million not yet received on a $490 million replacement power policy.
Groups representing commercial customers contend Progress should expect a second $490 million because the reactor’s containment building sustained two separate cracks in two different years.
That would reduce the replacement power costs passed on to customers by an equal amount.
A commission staff recommendation sides with the utility.
Topics Florida
Was this article valuable?
Here are more articles you may enjoy.
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
