Report: Electric companies wield too much power in legislature
Update: Here's the report.
To understand the influence of Florida’s largest electric companies in Tallahassee, look no further than your monthly bill.
You won’t see a line item for the “nuclear cost recovery fee” that Florida Power & Light and Duke Energy collect each month for future construction of new nuclear power plants. That’s because legislators last year voted down an amendment that would have required them to disclose the fee to customers, something they knew the two companies didn’t want to do.
Lawmakers allowed utilities to collect the fee in 2006, and when the companies tamped down their plans to build new facilities and used the money for other needs, such as upgrading existing nuclear plants, legislators kept the fee in place despite complaints from consumer advocates.
The legislative journey of the nuclear cost recovery fee is but one example of how Florida’s power companies control the legislative agenda in Tallahassee, according to a new report by Integrity Florida, a non-profit Tallahassee-based research and watchdog group. They say millions of dollars in campaign contributions and an army of lobbyists help keep corporate interests ahead of the public interest, and are calling on lawmakers to make the power companies more transparent and more accountable.
“Our state’s monopoly power corporations have demonstrated how politically influential investments can be profitable,’’ said Dan Krassner, president of Integrity Florida and one of the authors of the report, Power Play: Political Influence of Florida’s Top Energy Corporations. “The volume of spending on campaigns and lobbying give this industry an outsized influence.”
The report was paid for with a grant from the Southern Alliance for Clean Energy (SACE), an advocacy group that wants Florida to adopt more electricity options. An advanced copy of the report, to be released Monday, was made available to the Miami Herald and Tampa Bay Times.
The utilities vigorously reject the allegations, calling SACE an “anti-utility organization.” Story here.