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Public Service Commission


08/18/2015 Contact: 850-413-6482

PSC Approves Stipulation Between Customer Representatives and Duke Energy Florida

TALLAHASSEE — The Florida Public Service Commission (PSC) today approved a Stipulation to resolve all issues in this year’s Nuclear Cost Recovery Clause (NCRC) hearing related to Duke Energy Florida, LLC (DEF). The Office of Public Counsel, White Springs Agricultural Chemicals, Inc., Florida Retail Federation, and the Florida Industrial Power Users Group are signatories to the Stipulation.

Today’s Commission’s decision means customers’ bills will not include any charges for Levy Nuclear Project (LNP) costs in 2016 and 2017. Consideration of remaining LNP costs will be deferred until the 2017 NCRC proceeding. 

The PSC’s action is consistent with the 2013 Revised and Restated Settlement Agreement approved for DEF.

“With the Office of Public Counsel (OPC) and other parties signing onto and agreeing with the Stipulation, I know the interest of Duke’s customers has been well served, which is our main concern,” said PSC Chairman Art Graham. “The Commission will have an opportunity to fully discuss and review the company’s LNP-related costs, if any, before any final cost recovery is approved in 2017.”

DEF, Florida’s second largest investor-owned utility, serves 1.7 million customers.

After approving the Stipulation, the Commission is continuing to hear evidence and testimony on Florida Power & Light Company’s nuclear projects as its NCRC hearing continues this week.

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Follow the PSC on Twitter, @floridapsc .