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NEWS RELEASE


08/16/2011 Contact: 850-413-6482

PSC Approves Stipulation Saving PEF Customers Money


TALLAHASSEE — The Florida Public Service Commission (PSC) today approved a stipulated agreement by Progress Energy Florida, Inc. (PEF), the Office of Public Counsel, and other intervenors in the current Nuclear Cost Recovery Clause (NCRC) hearing that will save customers $500,000. 

 

In the approved stipulation, PEF will permanently forgo collection of $500,000 in Project Management Costs to resolve the outstanding issue of whether the company prudently managed its Crystal River Unit 3 Uprate license amendment request.  The Commission also approved the stipulation of PEF’s 2009 and 2010 prudently incurred costs for the Crystal River Unit 3 Uprate project. 

 

Evidence and testimony on proposed recovery costs for PEF’s Levy County Nuclear Plant construction project are being reviewed at today’s continuation of the NCRC hearing.  A PSC decision is expected on October 24.

 

For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc.



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