FLORIDA PSC APPROVES RECOVERY OF $43.4M FOR NUCLEAR UNITS

(The following is a reformatted version of a press release
issued by the Florida Public Service Commission and received via
electronic mail. The release was confirmed by the sender.) 
Tuesday, October 1, 2013 
CONTACT: (850) 413-6482 
Nuclear Cost Recovery Approved for 2014 
TALLAHASSEE - The Florida Public Service Commission (PSC) today
approved recovery of $43.4 million for construction of planned
nuclear generation and improvements to existing nuclear units
for Florida Power & Light Company (FPL), effective January 2014. 
Recovery amounts include costs for construction investments in
FPL’s planned Turkey Point Units 6 & 7 and adding generation
capacity to existing Turkey Point Units 3 & 4 and St. Lucie
Units 1 & 2.  When completed, these projects are expected to add
approximately 2,722 megawatts of new nuclear generation to FPL’s
system, enough energy to power 1.4 million homes. 
FPL residential customers using 1,000 kilowatt hours (kWh) of
electricity will see a monthly charge of approximately 46-cents
beginning in January 2014, reflecting a $1.19 decrease from the
current charge.  As a result of revisions to Florida Statute
366.93 by the 2013 Legislature, FPL’s total recovery was reduced
by $1.6 million due to adjustments in calculating carrying
costs. 
Recovery amounts approved today were thoroughly reviewed by
Commissioners on August 5, when the utilities and consumer
groups testified on actual and estimated nuclear construction
project costs during the PSC’s annual nuclear cost recovery
hearing. 
As part of a larger settlement involving other PSC docketed
cases, Duke Energy Florida’s (DEF) 2014 nuclear cost recovery
amount was approved by the Commission during the August 5
hearing.  DEF residential customers using 1,000 kWh will see a
monthly charge of approximately $5.62 beginning in January,
reflecting an 89-cent increase from the current charge. 
For more information, visit the PSC’s website,
www.floridapsc.com. 
(bjh) NY 
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