Fla. Approves Amended Nuclear Cost Recovery Rules

Law360, Miami (December 3, 2013, 3:15 PM EST) -- Florida's Public Service Commission on Tuesday approved rule changes to implement the state legislature's amendments to the Nuclear Cost Recovery Act that require utilities to seek additional levels of PSC review to recover costs for nuclear power plants.

The new rules implement S.B. 1472, signed by Gov. Rick Scott in June, which scaled back the controversial 2006 statute by forcing utilities that use the statute to recover costs for nuclear power plants to begin construction within 10 years of receiving a license from the National Regulatory...
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