Duke Energy customers (formerly Progress Energy of Florida) spent $1 billion but never got an atom of energy from the Levy County nuclear power plant, nonetheless the Florida Public Service Commission agreed to let the company collect another $108 million a year through 2017 for the now shuttered Crystal River reactor and the canceled Levy County project.
The decision by the PSC will add 89 cents a month for 1,000 kilowatts of energy to current bills for customers. The PSC also agreed to Duke Energy's request to defer approval of a proposed settlement agreement it entered into with the state Public Counsel's Office. The company agreed to end plans to build the Levy Plant and work out how to pay the $3.2 billion bill for ending that project and shuttering the Crystal River plant at a hearing next fall.
PSC Commissioner Eduardo Balbis raised doubts about the prudence of allowing the company to charge customers before providing evidence to regulators that the costs associated with the settlement are prudent and feasible.
But he and other commissioners concluded they had no other option, based on a state law that allows utilities to charge customers in advance for nuclear power plants, regardless of whether they are built or not, and a settlement agreement relating to the broken Crystal River plant.