Florida utility agrees to credit customers $5M for nuclear plant outages

By Bruce Ritchie | 03/14/2024 07:05 AM EDT

Florida Power & Light agreed to credit customers for power purchases due to Turkey Point and St. Lucie power plant outages between 2020 and 2022.

TALLAHASSEE, Florida — Florida Power & Light has agreed to credit its customers $5 million for replacement power costs due to nuclear plant shutdowns, Public Counsel Walt Trierweiler said Tuesday.

The Office of Public Counsel told the Public Service Commission in a pre-hearing statement filed Tuesday that FPL had agreed to credit customers for power purchases due to plant outages between 2020 and 2022.

State regulators in February had recommended the PSC should refund more than $11 million, citing an agency audit that blamed mismanagement for some of the more than 40 shutdowns and fines at the Turkey Point and St. Lucie nuclear power plants.

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The agreement between FPL and the Office of Public Counsel, which represents customers in utility rate cases, also allows the PSC to conduct a future audit of nuclear plant operations over the next five years. And the replacement power costs will not be subject to future challenges under the agreement.

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