Florida regulators OK Duke Energy rate hike

Sponsored by

Florida commissioners approved a deferment of Duke Energy Florida’s 2013 Nuclear Cost Recovery Clause proceeding to 2014. Regulators agreed to a rate increase for Duke Energy customers to help pay for the Crystal River nuclear plant in addition to a charge for the planned Levy County nuclear plant.

The rate increase comes to $5.62 in nuclear charges for a 1,000 kWh customer starting in January 2014. It breaks down to $2.17 for the failed CR3 uprate project, which would last up to seven years, and $3.45 for the deferred Levy project, which could last another two or three years.

Duke announced in February that it was shutting down the nuclear unit at the Crystal River plant after a 2009 upgrade project caused cracks in the containment building around the reactor. Attempts to fix those cracks in 2011 caused more cracks. Duke also said recently that it would shelve plans to build two new reactors at the site in Levy County, according to Power Engineering.

Commissioners also approved an administrative stipulation for Florida Power & Light that, in part, reduces the company’s recovery request by $1.6 million.

Sponsored by

CURRENT ARTICLES

Your consumers take on distributed generation

01/30/2015 Distributed generation, often also referred to as decentralized energy, is a complex and essential topic for today’s utili...

DistribuTECH 2015 expected to be largest in event history

01/30/2015

The world's largest electricity T&D show is on track to draw more than 10,000 attendees

DistribuTECH is the place for networking

01/30/2015

Here are a few items to help plan your time and make the most of your DistribuTECH 2015 experience

Siemens to provide long-term service at Blythe Energy Center in California

01/30/2015

The customer is AltaGas Ltd, headquartered in Alberta, Canada 

DOE announces five-year renewal of funding for first energy innovation hub

01/30/2015 This will help enable the role that nuclear energy has in providing dependable and affordable energy to America while adva...

Maine activists push solar power, energy efficiency bills

01/30/2015 The six-bill package outlined by the Environmental Priorities Coalition includes measures that would provide incentives fo...

NextEra Energy will not lay off Hawaiian Electric workers after merger

01/30/2015 An official at NextEra Energy told Hawaii lawmakers that his company does not plan to lay off staff if it acquires Hawaiia...

INDUSTRY STOCKS

ON DEMAND WEBCASTS

Engaging the Small and Mid-sized Business (SMB) Marketplace

This session will outline how Duke Energy leveraged Voice of Customer insights, previous experien...

When Grid Optimization is Not Enough: Making Cents of Disruptive Change.

Electric utilities today face unprecedented volatility and business challenges. To stay competiti...

Avoiding the Pitfalls of Premium Power

Premium power is an increasingly valuable tool for utilities and municipalities, who can charge m...

The Integrated Operating Model Creating an Advanced Outage Management Environment to Control the Grid

Amy Hime, Senior Manager of Engineering and Asset Systems at Enersource, will discuss the journey...

Benefits of a Managed Service System

Attend this webinar, sponsored by Itron, to understand how utilizing managed services can optimiz...

EL&P BUYER'S GUIDE PRODUCTS

Resources on Demand

Manages resource requests, tracks personnel movements, and supports lodging/logistics during a power restoration event.

MITEM Corp

Provides CRM solutions for regulated U.S. public utilities. The product, MitemView integrates differently designed systems to share critical data a...

Smart Grids

Quanta is contributing to its customers' smart grid initiatives by installing technology on power networks to provide energy management solutions f...

Horizontal Directional Drilling

With 28 small, mid-sized and large drilling rigs, Quanta Pipeline Services is one of the largest horizontal directional contractors in the world fo...

POWERGRID PRODUCT LISTINGS

EtherMate® Industrial Ethernet - IO Modules

LioN-M ProfiNet device with 16 digital I/O channels, channels can be used universally as inputs or outputs, M12 socket, ro...

TRM® 2.0 - Test Results Manager PC Analysis and Reporting

Test Results Manager 2.0 (TRM® 2.0) is an all-in-one analysis, viewer and reporting tool designed for use with NOYES fiber...

Low-Smoke Zero Halogen Premise Distribution Cable

AFL’s Low-Smoke Zero Halogen (LSZH) distribution cable offers all of the benefits of a traditional 900 µm based optical ca...

OFL280 FlexTester - Handheld OTDR

AFL's OFL280 FlexTester offers an unmatched combination of fiber test functions, ease-of-use, portability, and value.

FEATURED ENERGY JOBS

View more Job Listings >>

POWERGRID International

December 2014
Volume 19, Issue 12
1412cv

ELECTRIC LIGHT & POWER

December 2014
Volume 92, Issue 6
1411elp-cover