{"id":6600,"date":"2013-11-09T07:23:51","date_gmt":"2013-11-09T12:23:51","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/?p=6600"},"modified":"2013-11-09T07:27:34","modified_gmt":"2013-11-09T12:27:34","slug":"florida-psc-terminates-levy-county-1-2-nukes-charges-duke-customers-settles-crystal-river-3","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2013\/11\/florida-psc-terminates-levy-county-1-2-nukes-charges-duke-customers-settles-crystal-river-3.html","title":{"rendered":"Florida PSC terminates Levy County 1 & 2 nukes, charges Duke customers, settles Crystal River 3"},"content":{"rendered":"

\r\n<\/a>\r\nRemember, Georgia,\r\n\r\nGeorgia Power can continue to charge you for\r\nPlant Vogtle 3 and 4 even after they’re canceled<\/a>,\r\njust like Duke is doing for Levy County in Florida.\r\nBeware: Duke’s idea of a replacement is\r\n\r\na natural gas plant<\/a> powered by a 36″ pipeline on a 100′ right of way\r\ngashed through Alabama, Georgia, and Florida.\r\n

\r\n\r\n<\/a>\r\nAnd while Duke customers will get refunds for permanently-closed Crystal River 3,\r\nFL PSC also slid in a new tax:\r\n“promotes community growth through economic development tariffs.”\r\nA tariff is, according to Investopedia<\/a>:\r\n

\r\n

\r\nA tax imposed on imported goods and services. Tariffs are used to\r\nrestrict trade, as they increase the price of imported goods and\r\nservices, making them more expensive to consumers. They are one of\r\nseveral tools available to shape trade policy.\r\n<\/p>\r\n<\/blockquote>\r\n

\r\nCurious how FL PSC redefines restraints on trade as promoting growth.\r\n

\r\nFL PSC PR of 17 October 2013, \r\n\r\nPSC Decides Revised Settlement Agreement for Duke Energy Florida, Inc.<\/a>,\r\n

\r\n

\r\n\r\nTALLAHASSEE — In a four to one vote, Florida’s Public Service\r\nCommission (PSC) today approved a Revised and Restated Settlement\r\nAgreement (Agreement) for Duke Energy Florida, Inc. (DEF) that\r\nmaintains customer base rates through 2018, terminates plans for\r\nDEF’s Levy County nuclear units 1 & 2, and promotes community growth\r\nthrough economic development tariffs.\r\n<\/p>\r\n

\r\n“This Agreement benefits both residential and business\r\ncustomers and will help grow the local economy,” said PSC\r\nChairman Ronald A. Bris\u00c3 . “I am pleased that Florida’s Public\r\nCounsel, White Springs Agriculture Chemicals, Inc., Florida\r\nIndustrial Power Users Group, Florida Retail Federation, and DEF\r\nagreed on difficult issues that provide long-term stability in the\r\npublic’s interest.”\r\n<\/p>\r\n

\r\nCommissioner Eduardo E. Balbis, who voted against the decision,\r\nstated, “We have another viable option that is already in\r\nplace. Additionally, there are several critical unanswered questions\r\nthat warrant additional review.”\r\n<\/p>\r\n

\r\n\r\n<\/a>\r\nWhile the revised Agreement supersedes DEF’s current agreement,\r\napproved last year, customer refunds contained in the 2012 agreement\r\nremain, including $129 million this year, $139 million in 2014, $50\r\nmillion in 2015, and $70 million in 2016. Customers will also\r\nreceive a total refund of $835 million from insurance proceeds for\r\nDEF’s retired Crystal River 3 (CR3) nuclear plant by the end of\r\n2014.\r\n<\/p>\r\n

\r\nWhen an asset (such as a plant) is retired, the company has a right,\r\nby law, to recover the remaining costs from its customers. Under the\r\nrevised Agreement, recoverable costs for CR3 will be capped at $1.4\r\nbillion, with the company’s stockholders covering the first $295\r\nmillion and long repayment schedules also lowering costs to\r\ncustomers. DEF will continue to collect fixed amounts, with no\r\nincremental bill impact, for costs associated with its discontinued\r\nLevy plant until approximately 2017.\r\n<\/p>\r\n

\r\nSince 2010, the PSC has opened several separate dockets to\r\ncontinually analyze and review the company’s actions; PSC staff has\r\nreviewed hundreds of thousands of pages of filings, from DEF, its\r\ncontractors, and other parties; conducted numerous, extensive\r\ndepositions; requested answers to hundreds of discovery questions;\r\nand Commissioners have presided over eight hearings and status\r\nconferences, where the company and expert witnesses provided\r\ntestimony and evidence. Hundreds of customers have also provided\r\ncomments that are included in each docket’s file, and as part of the\r\nCommission’s transparent processes, all filings and transcripts of\r\nCommission proceedings are available to the public on the PSC’s\r\nwebsite, www.FloridaPSC.com.\r\n<\/p>\r\n

\r\nParties to the revised Agreement, filed with the Commission on\r\nAugust 1, include DEF, the Office of Public Counsel, White Springs\r\nAgriculture Chemicals, Inc., Florida Industrial Power Users Group,\r\nand Florida Retail Federation.\r\n<\/p>\r\nFor additional information, visit www.floridapsc.com<\/a>.\r\n

\r\nFollow the PSC on Twitter, @floridapsc<\/a>.\r\n<\/blockquote>\r\n

\r\n -jsq\r\n<\/p>","protected":false},"excerpt":{"rendered":"Remember, Georgia, Georgia Power can continue to charge you for Plant Vogtle 3 and 4 even after they’re canceled, just like Duke is doing for Levy County in Florida. Beware: Duke’s idea of a replacement is a natural gas plant powered by a 36″ pipeline on a 100′ right of way gashed through Alabama, Georgia, […]","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_links_to":"","_links_to_target":""},"categories":[142,18,2,6124,104,6687],"tags":[701,7222,143,7223,6996,8701,8708,8699,8702,370,12,7,562,8737,6076,107,6597,108,7009,60,6],"class_list":["post-6600","post","type-post","status-publish","format-standard","hentry","category-cwip","category-georgia-power","category-government","category-natural-gas-2","category-nuclear","category-pipeline-2","tag-crystal-river","tag-def","tag-duke-energy","tag-duke-energy-florida","tag-fl-psc","tag-georgia","tag-georgia-power","tag-government","tag-lake","tag-levy-county","tag-lowndes-area-knowledge-exchange","tag-lowndes-county","tag-natural-gas","tag-nuclear","tag-pipeline","tag-plant-vogtle","tag-sabal-trail-transmission","tag-southern-company","tag-tariff","tag-tax","tag-valdosta"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p585fK-1Is","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/6600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/comments?post=6600"}],"version-history":[{"count":2,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/6600\/revisions"}],"predecessor-version":[{"id":6602,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/6600\/revisions\/6602"}],"wp:attachment":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/media?parent=6600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/categories?post=6600"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/tags?post=6600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}