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.
FBI Calls Breach of Sensitive Agency Networks a ‘Major Incident’
Hands-Free Driving Systems Do Not Improve Safety, NTSB Says
Risk Strategies Claims Ex-Employees’ Talent and Customer Raid Has Cost It $900K
March Sadness: 20,000 New Englanders Lose Out on $50 Million in Refunds 

