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Nuclear Cost Recovery Bill to be Filed

February 21st, 2013 by flanews

State lawmakers will file a bill to change how power companies spend money they collect to build nuclear plants.

Today at the state capitol a team of four Tampa Bay senators told reporters they think power companies should refund customers if they collect money to build a nuclear plant but never do. Senator Wilton Simpson says things were different in 2006 when the law to allow companies to charge upfront cost for future nuclear passed.

“Things have changed and now as we see a nuclear plant being shut down and we see one maybe not being built, we are very concerned as to the cost to the consumer,” said Simpson.

A spokesperson for Florida Power and Light says FP&L spends 90 percent of it’s nuclear money on repairing current plants. The remaining money helps pay for nuclear licensing fees for new plants which can cost millions of dollars and take years to obtain.

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