My Florida Florida Public Service Commission
Quick Search:   Advanced Search

Site Map
Interactive Site Map Close
Site Map | Site Index
Home Page > Florida Public Service Commission News Releases

Florida State Seal State of Florida
Public Service Commission


10/12/2015 Contact: 850-413-6482

PSC to Hold Hearing on Duke Energy Nuclear Asset Financing

TALLAHASSEE — The Florida Public Service Commission (PSC) will begin a hearing on Wednesday, October 14, to discuss Duke Energy Florida’s (DEF) petition for recovery of the revenue requirement for the Crystal River 3 (CR3) Regulatory Asset.

In September 2015, the PSC approved a settlement reducing DEF’s CR3 Regulatory Asset by $15 million. Wednesday’s hearing will address DEF’s request to recover nuclear asset costs using securitization—a financing order allowing a utility to recover costs by issuing bonds with lower financing costs. DEF contends that securitization will lower costs for customers compared to traditional cost recovery methods.

The hearing is set for the following time and location:

Wednesday, October 14, 2015
9:30 a.m.

Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
Tallahassee, Florida

If needed, the hearing will continue through Friday, October 16, beginning at 9:30 a.m. each day. 

For additional information, visit

Follow the PSC on Twitter, @floridapsc..