It’s standard procedure for nuclear companies to submit annual rate recovery clauses to their local public service commissions. But for Progress Energy Florida–a subsidiary of Progress Energy that provides power to 1.6 million consumers in Florida–the process this year has been far from simple.
With two new projects in the pipeline, including a capacity increase for the Crystal River nuclear plant and construction of a new power plant of two reactors in Levy County, Progress Energy is requesting a rate recovery plan for an additional $141.1 million–$135 million for the new plant and $6.2 million for upgrades to the existing plant–company spokesperson Suzanne Grant told Breaking Energy. Keep reading →