Make us your home page

Sen. Fasano to PSC: Stop utility advance fees for nuclear projects

Sen. Mike Fasano, R-New Port Richey, this week called on the state Public Service Commission to stop allowing utilities to charge customers in advance for new nuclear projects.

In a letter Thursday, Fasano told the five-member commission that advance fees called the "nuclear cost recovery clause" have added an extra burden to consumers.

He said the fees are most troubling to him because they are "for projects that have no time line for completion, no benchmarks to meet, no limits on the ever-increasing expenses, and no guarantee or requirement that they even be completed."

Progress Energy and Florida Power & Light want to build nuclear plants in Florida and are upgrading their existing reactors to increase the amount of power they can generate.

Progress proposes to build the most costly nuclear plant in U.S. history, totaling as much as $24 billion. Customers already are paying $1.1 billion toward the Levy County project, though Progress has not yet determined whether it will build it.

"It is time for the Commission to exercise its authority … and deny any further NCRC recovery," said Fasano, who voted for the law that created the fee but now wants it repealed. "The staggering and spiraling cost of the projects coupled with the bill's impact to ratepayers demands it."

Sen. Fasano to PSC: Stop utility advance fees for nuclear projects 05/18/12 [Last modified: Friday, May 18, 2012 10:38pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. A meatless burger that tastes like meat? Ciccio Restaurants will serve the Impossible Burger.

    Food & Dining

    TAMPA — The most red-hot hamburger in the nation right now contains no meat.

    Luis Flores, executive chef at Ciccio Restaurant Group, prepares an Impossible Burger at Epicurean Hotel's Food Theatre. Impossible Burger is a plant-based burger that will launch on Sept. 27, 2017 in all the Ciccio Restaurant Group locations, except for Fresh Kitchen. "This burger caters to the carnivorous, not just the vegetarians" said Jeff Gigante, co-founder at Ciccio Restaurant Group. ALESSANDRA DA PRA  |   Times
  2. Construction starts on USF medical school, the first piece of Tampa's Water Street project


    TAMPA — Dozens of workers in hard hats and boots were busy at work at the corner of South Meridian Avenue and Channelside Drive Wednesday morning, signaling the start of construction on the University of South Florida's new Morsani College of Medicine and Heart Institute.

    Construction is underway for the new Morsani College of Medicine and USF Health Heart Institute in downtown Tampa. This view is from atop Amalie Arena, where local officials gathered Wednesday to celebrate the first piece of what will be the new Water Street District. The USF building is expected to open in late 2019. [ALESSANDRA DA PRA  |   Times]
  3. Tampa Bay among top 25 metro areas with fastest growing economies

    Economic Development

    Tampa Bay had the 24th fastest growing economy among 382 metro areas in the country for 2016. According to an analysis by the U.S. Bureau of Economic Analysis, Tampa Bay's gross domestic product, or GDP, increased 4.2 percent from 2015 to 2016 to hit $126.2 billion.

    Tampa Bay had the 24th fastest growing economy in the country for 2016. Rentals were one of the areas that contributed to Tampa Bay's GDP growth. Pictured is attorney David Eaton in front of his rental home. 
  4. Tampa Bay cools down to more moderate home price increases

    Real Estate

    The increase in home prices throughout much of the Tampa Bay area is definitely slowing from the torrid rate a year ago.

    This home close to Bayshore Boulevard in Tampa sold for $3.055 million in August, making it Hillsborough County's top sale of the month. [Courtesy of Bredt Cobitz]
  5. With successful jewelry line, Durant High alum Carley Ochs enjoys 'incredible ride'



    As a child Carley Ochs played dress up, draped in her grandmother's furs.

    Founder Carley Ochs poses for a portrait in her Ford Bronco at the Bourbon & Boweties warehouse in Brandon, Fla. on September 19, 2017. Ochs is a Durant High and Florida State University graduate.