Palm Beach Post: Customers should not pay costs of FPL’s nuclear plant expansion

Stephen Smith, executive director of the Southern Alliance for Clean Energy (Source: US Senate Committee on Environment and Public Works)

In a Palm Beach Post commentary, Stephen A. Smith, executive director of the Southern Alliance for Clean Energy, begins: A misguided state law that allows large utilities to charge consumers for new nuclear reactors before delivering any power is making things more difficult for Floridians trying to recover from the worst recession in recent memory.

The “early cost recovery” law, passed in 2006, allows companies such as Florida Power & Light to bill customers for certain costs before new reactors are built, effectively shifting the financial risk of construction.

For the complete commentary: http://www.palmbeachpost.com/news/news/opinion/commentary-customers-should-not-pay-costs-of-fpls-/nSPMS/

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