Florida PSC Decides Nuclear Cost Recovery for FPL

The Florida Public Service Commission (PSC) today agreed that there was insufficient evidence to decide on Florida Power & Light Company’s (FPL) request to defer recovery costs for its Turkey Point Units 6 & 7 Project (TP Project).
In July 2016, the PSC approved FPL’s request to defer consideration of recovery for its nuclear plant project costs until 2017.  However, FPL did not file a TP Project feasibility analysis for 2017, as required under Florida’s Nuclear Cost Recovery Clause (NCRC) rules. Therefore, the PSC determined that 2017 project costs are not eligible for recovery through the NCRC.
The Commission approved recovery of the utility’s costs for 2015 and 2016 that included $46,978,739 for the TP Project. Customers will be receiving a credit next year of $7,305,202.