Senator Bracy, District 11 — Press Release
FOR IMMEDIATE RELEASE
July 17, 2012
Senator Mike Fasano Calls Upon Florida Public Service Commission to Follow North Carolina’s Lead
re Progress Energy’s Advance Nuclear Cost Recovery
State Senator Mike Fasano has sent the following letter to the chairman of the Florida Public Service Commission requesting that the Commission take North Carolina’s lead regarding Progress Energy’s advance nuclear cost recovery:
July 17, 2012
The Honorable Ronald Brise’
Florida Public Service Commission
2540 Shumard Oak Blvd.
Tallahassee, FL 32399-0850
Dear Chairman Brise’:
With the recent merger of Duke Energy and Progress Energy the contentious issue of advanced nuclear cost recovery once again takes center stage. I am pleased that the North Carolina Utilities Commission is holding Progress Energy’s feet to the fire this week as its members put Progress Energy’s former chief executive officer under the spotlight. Unfortunately, why did it take another state to question why Floridians have been forced to pay hundreds of millions of dollars for a nuclear power plant that may never ultimately get built or become operational?
As you know I have long been a vocal critic of advance nuclear cost recovery. I have asked the Florida Public Service Commission to question Progress Energy to no avail. I have asked the Florida Senate to bring Progress Energy before the Senate Communications, Energy & Public Utilities Committee also without success. I have filed legislation and attempted amendments to repeal the ability to collect advance nuclear cost recovery. Why does North Carolina understand the problem within days of the merger occurring, and Florida still doesn’t get it after several years of complaints, media attention and consumer advocacy?
I strongly encourage you to follow North Carolina’s lead and bring Progress Energy before the Commission. It is high time that the utility and its executives get the grilling they deserve so that Progress Energy’s customers can get the answers they deserve. A projected decade or more of advance nuclear cost recovery dollars should not be the responsibility of the customers, it should be the responsibility of the utility and its shareholders. If the nuclear power plant is so important then the company should pay for it, pure and simple. It is long past time for Progress Energy to give an account and explain how it can take the financial burden for the nuclear power plant away from its customers.
I look forward to your thoughts on this issue as soon as may be possible.
State Senator, District 11
Cc: The Honorable Eduardo E. Balbis
The Honorable Lisa Edgar
The Honorable Art Graham
The Honorable Julie Brown
Senator Fasano will continue to press the Florida Public Service Commission to take positive action on behalf of its customers.