Title: Taxpayers Steaming Over Florida Nuclear Plant’s Shuttering
Author: Greg Allen
Date: February 14, 2013 5:12 PM
The operator of Florida’s Crystal River nuclear plant sent shockwaves through the state when it announced recently that it was shutting down the facility for good.
When nuclear plants have closed elsewhere, locals have cheered. But in Citrus County, it’s been more like a death in the family. [...]
“I would imagine that the ratepayers will be out up to the tune of close to $4 billion as time goes on,” says Mike Fasano, a state lawmaker who represents many of those ratepayers.
That total includes the botched upgrade, the cost of buying replacement power, funds to decommission the facility and the bill for a new gas-fired plant.
Fasano is working to repeal a Florida law that allows companies that build or expand nuclear plants to bill customers for all the costs, even if the plants never go online. [...]
Although it’s closing Crystal River, Duke Energy says it’s still committed to nuclear energy. It has plans to build two new nuclear plants in Florida in the next decade.
“It shouldn’t be the ratepayers paying for something that many of them will never benefit from. It should be the stockholders.” -Rep. Mike Fasano
Published: February 14th, 2013 at 11:23 pm ET