80 likes | 228 Views
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.
E N D
State of Florida Public Service Commission Nuclear Power Plants The Commission’s Regulatory Role Chairman Matthew M. Carter II
State of FloridaPublic Service Commission Overview • Florida’s statutes on nuclear power plants • Commission’s implementing rules • Cost recovery process
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
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
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
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
State of FloridaPublic Service Commission • Nuclear cost recovery process (cont’d)
State of Florida Public Service Commission Thank You! Chairman Matthew M. Carter II