995069 GENERAL APPROPRIATIONS BILL Committee Amendment SB1500 AGG 27 Senator(s)Latvala, Legg, Brandes, and Simpson moved the following amendment:Section: 06 EXPLANATION: On Page: 340 Requires the Public Service Commission to perform a comprehensive review of the continuing prudency, Spec App: cost effectiveness and need of any proposed nuclear power plant for which cost recovery has been authorized. NET IMPACT ON: Total Funds General Revenue Trust Funds Recurring - 0 0 0 Non-Recurring - 0 0 0 ______________________________________________________________________________________ Positions & Amount Positions & Amount DELETE INSERT PUBLIC SERVICE COMMISSION Program: Utility Regulation And Consumer Assistance Utility Regulation 61030100 In Section 06 On Page 340 Insert proviso immediately preceding Specific Appropriation 2967: From the funds provided in Specific Appropriations 2967 through 2973, the Public Service Commission shall perform a comprehensive review of the continuing prudency, cost effectiveness and need of any proposed nuclear power plant for which cost recovery under section 366.93, Florida Statutes, has been authorized if the currently anticipated inservice date for the plant has been extended more than six years beyond its original proposed inservice date and if the most recent estimate of the plant's total cost has increased by more than 50 percent of the original cost estimate for the plant. In making this determination, the commission must consider all relevant factors, including but not limited to, the utility's need for that plant, technology and fuel choices, applicable federal and state licensing and permitting factors, and near and long-term cost to its ratepayers. Based on its review, the commission shall determine whether to authorize for recovery under section 366.93, Florida Statutes, any new or future costs for which cost recovery has not already been authorized. Such review995069 Log:0014 END/END 04/08/13 07:16:05 PM Senate Page: 1 shall commence on or before July 1, 2013, and shall be complete by February 1, 2014.995069 Log:0014 END/END 04/08/13 07:16:05 PM Senate Page: 2