Regulators begin hearings on nuclear charges

Associated Press Modified: September 10, 2012 at 6:30 pm •  Published: September 10, 2012
Advertisement
;

TALLAHASSEE, Fla. (AP) — One of Florida's largest utilities went before state regulators on Monday and asked them to OK charges to help pay for nuclear power plant projects despite lingering doubts about the future of those projects.

Progress Energy wants to charge $4.73 a month to the average residential customer starting next year to cover improvements to its Crystal River plant and to help pay for a new plant in Levy County on Florida's west coast. The charge is not expected to increase overall bills because of declining fuel costs.

The Florida Public Service Commission held a hearing to discuss the charges and is expected to make a decision in November.

But Progress, a subsidiary of North Carolina-based Duke Energy, has already delayed the opening date of the first two units in Levy County and the company CEO has testified that he's not sure if the utility will repair or shut down the reactor in Crystal River. It has been sitting idle since 2009.

Company executives continued to insist the Levy County project remains "feasible" despite the delays.

Jeffrey Lyash, executive vice president of energy supply for Duke Energy, said that the best course was to delay the planned plant for three years amid changes in the economy and to get a better idea on what will happen with other fuel sources such as natural gas.

But Lyash stressed that the company could always "reaccelerate" the project at a later date as well.

Continue reading this story on the...