Fla. Allows DEF To Charge Customers For Failed Nuke Projects

Law360, Miami (August 5, 2013, 7:30 PM EDT) -- Florida's Public Service Commission on Monday agreed to defer a nuclear cost recovery proceeding for Duke Energy Corp.'s Florida unit until next year, but allowed the utility to continue to charge customers for two failed nuclear projects.

In a hearing in Tallahassee, the PSC granted Duke Energy Florida Inc.'s motion to defer its Nuclear Cost Recovery Clause proceeding until 2014 while a revised settlement filed last week is considered by the commission.

The settlement with the PSC would resolve any remaining issues regarding DEF's nuclear power...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.