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.
Nuclear Cost Recovery
PSC Special Commission Conference on Nuclear Cost Recovery Set for Tuesday
The Florida Public Service Commission (PSC) will hold a Special Commission Conference at 9:30 a.m. on Tuesday, October 17, 2017, to address nuclear cost recovery clause petitions filed by Florida Power & Light Company (FPL) and Duke Energy Florida, LLC (DEF).
FPL is requesting recovery for continued development of new nuclear units Turkey Point 6 and 7. DEF’s requested nuclear cost recovery will be addressed when the PSC considers the utility’s proposed Settlement Agreement on Wednesday, October 25, 2017.
The Special Commission Conference is set for the following time and location:
Tuesday, October 17, 2017
9:30 a.m.
Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
Tallahassee, Florida
The Special Commission Conference will be broadcast on the Florida Channel (check your local listings) and is available online at www.floridapsc.com (look for the “Watch Live Broadcast” icon on the left side of the web page).
