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NEWS RELEASE


04/16/2015 Contact: 850-413-6482

Florida PSC Approves Ending the Levy Project Charge


TALLAHASSEE — The Florida Public Service Commission (PSC) today approved Duke Energy Florida, Inc.’s (DEF) petition to end the fixed $3.45 charge (per 1,000 residential kilowatt hours) on customer bills related to the Levy Nuclear Project (LNP), beginning in May. Under the utility’s 2013 Settlement Agreement with the Office of Public Counsel and other customer representatives, the fixed charge was used to recover remaining LNP project costs.

In October 2014, the PSC ordered DEF to make an adjustment to 2015 expenses due to ongoing federal litigation over $54 million in contractual payments for equipment not needed since the LNP project was cancelled. When making its decision, the Commission anticipated that the ordered adjustment would end the LNP charge earlier than the original 2016 timeframe.

“The utility and the contractor are litigating, among other issues, whether the $54 million was earned by the contractor or should be returned to Duke. Ending the LNP charge benefits customers pending the outcome of the judicial proceeding,” said PSC Chairman Art Graham. “Our action today lowers customers’ bills and minimizes the potential for over collection of revenues compared to prudently incurred LNP costs before we determine a final true-up.”

The PSC also denied the Florida Industrial Power Users Group Motion to Dismiss DEF’s petition to end the collection of LNP costs, finding the Motion factually and legally incorrect.

For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc.



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