PSC Approves $196 Million Rate Hike for FPL Nuclear Projects

Submitted by Anonymous on October 24, 2011 - 12:11pm

The Public Service Commission on Monday approved a $196 million rate increase for Florida Power & Light.

The "early cost recovery" hike boosts the utility's revenues to plan for two new nuclear reactors at Turkey Point, south of Miami.

The PSC is also considering a rate adjustment for Progress Energy, which wants to build two reactors in Levy County.

Full story upcoming.

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