The Florida House broke its silence on the controversial nuclear cost recovery law Wednesday and, for the first time in years, allowed a workshop hearing into the controversial 2006 measure that allows electric utilities to charge customers for nuclear plants before they are built.
For years, legislators in both the House and Senate have filed bills to repeal the measure, alleging that it's a bad deal for customers, but the proposals never got a hearing. This year, three Republican senators have filed legislation to modify the law, the Senate conducted a hearing on the measure last week and the House followed on Wednesday.
The law has allowed Progress Energy to charge customers $1.5 billion for nuclear development costs before the plants go online. Florida Power & Light customers paid $300 million for nuclear development costs that the company says will help pay for a 500 megawatt nuclear power expansion at its existing plant in St. Lucie County. The project will be completed this year and FPL plans to use the nuclear fee to pay for additional nuclear projects at its Turkey Point plants.