FP&L Switches Position On Nuclear Cost Recovery

Jul 1, 2016

The Florida Public Service Commission is expected next week to discuss the controversial topic of nuclear cost recovery.

FP&L, one of the state's largest investor-owned utilities, is back tracking on a $22 million request for nuclear cost recovery.

Florida Power and Light, one of the state’s largest investor-owned utilities, wanted to charge its customers an additional $22 million for costs related to building two new nuclear reactors in South Florida.

But on Thursday, the company’s attorneys are scheduled to ask regulators to delay the proposal for at least a year. That could save the average customer 35 cents a month next year.

The bad news comes in August. That’s when FP&L is expected to ask for a $1.3 billion rate increase spread over the next three years. If approved, it could raise average monthly power bills 27 percent.