Sen. John Legg's bill, SB 1472, would deny cost recovery 20 years after a federal nuclear plant license was obtained.
Florida Power & Light Co. and Duke Energy (formerly called Progress Energy Florida) have recovered $1.4 billion for plant upgrades and new nuclear plants that may never be built and would deny cost recovery 20 years after a federal nuclear plant license was obtained.
Description of the bill:
Nuclear and Integrated Gasification Combined Cycle Power Plants;
Modifying an alternative cost recovery mechanism for the recovery of
costs for the siting, design, licensing, and construction of nuclear and
integrated gasification combined cycle power plants; establishing a
procedure and requirements for cost recovery based on preconstruction
and construction phases; providing that a utility that elects not to
complete construction of a nuclear power plant may not recover any
future rate of return for related costs, etc.
Last Action:
05/01/2013 In returning messages
Effective Date: July 1, 2013
The Nuclear Bill is now ready for a vote in the Florida House.
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