FPS Considers Utilities Rate Hikes for Proposed Nuclear Plants
August 16th, 2017 by Jake Stofan
Florida Power and Light is asking the Florida Public Service Commission for approval to increase their rates to help pay for two proposed nuclear power plants.
The request has upset a number of groups that say the FPL is taking advantage of a 2006 law that allows it to recover costs for nuclear construction early. The critics say FPL wont commit to a price tag or completion date for the project which has already used up 300 million in tax payer dollars.
“And the question is- why should the commission keep all this additional risk and cost on FPL customers if FPL isn’t willing to show that this is a good deal for the families and the businesses that are going to have to pay the bills,” said George Cavros, an Attorney for the Southern Alliance for Clean Energy.
The Public service commission heard arguments from both sides today and will likely come out with a decision within six to eight weeks.
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