A new Florida House Bill could reduce utility rates and repeal cost recovery programs.
At the moment, cost recovery allows power companies to charge their customers in
advance for new nuclear power plants. A problem with this plan is
customers can be charged and not reimbursed even if power companies
don’t end up building the plants. This bill would affect customers with Florida Power and Light and Progress Energy.
Although this only means about $2 a month on the average FPL bill, former U.S. Nuclear Regulatory Committee member Peter Bradford said the clause puts customers at risk of
paying for nuclear plants that may never be developed.
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