Despite critics' cries of "nuclear socialism," the Florida Public Service Commission is expected to approve $337 million in utility rate hikes on Monday.
Florida Power & Light and Progress Energy are seeking "early cost recovery" increases to kick-start four proposed nuclear reactors on the east and west coasts. Under state law, utilities can seek rate hikes to cover planning, design and other preconstruction costs.
But opponents say customers may never benefit from the projects which, ultimately, may never be built.
