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Nuclear Power Plants

State of Florida Public Service Commission. Nuclear Power Plants. The Commission’s Regulatory Role. Chairman Matthew M. Carter II . State of Florida Public Service Commission. Overview Florida’s statutes on nuclear power plants Commission’s implementing rules Cost recovery process.

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Nuclear Power Plants

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  1. State of Florida Public Service Commission Nuclear Power Plants The Commission’s Regulatory Role Chairman Matthew M. Carter II

  2. State of FloridaPublic Service Commission Overview • Florida’s statutes on nuclear power plants • Commission’s implementing rules • Cost recovery process

  3. State of FloridaPublic Service Commission • Legislature’s promotion of investment in nuclear power—Chapter 403.519 • Lists petition requirements • Establishes time limits for consideration • Specifies criteria for need determination • Waives Bid Rule requirement • Provides early cost recovery

  4. State of FloridaPublic Service Commission • Commission Rules implement statutes • Adds petition requirements • Expands nuclear cost recovery process • Early recovery of site selection, pre-construction and construction costs • On-going auditing and monitoring • Assess long-term feasibility of completing project • Provides continuing cost-effectiveness review

  5. State of FloridaPublic Service Commission • Nuclear cost recovery process • Last year’s true-up filing • This year’s to-date actuals and year-end estimates filing • Next year’s projected costs filing

  6. State of FloridaPublic Service Commission • Nuclear cost recovery process (cont’d) • New section formed to review cost recovery filings for nuclear plants Cost recovery process timeline Fuel, capacity, environmental, and conservation cost recovery hearing True-up Filing Estimate Filing Staff Rec Discovery and Staff review Hearing Agenda Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

  7. State of FloridaPublic Service Commission • Nuclear cost recovery process (cont’d)

  8. State of Florida Public Service Commission Thank You! Chairman Matthew M. Carter II

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