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NEWS RELEASE


10/12/2015 Contact: 850-413-6482

PSC to Hold Hearing on Duke Energy Nuclear Asset Financing


TALLAHASSEE — The Florida Public Service Commission (PSC) will begin a hearing on Wednesday, October 14, to discuss Duke Energy Florida’s (DEF) petition for recovery of the revenue requirement for the Crystal River 3 (CR3) Regulatory Asset.

In September 2015, the PSC approved a settlement reducing DEF’s CR3 Regulatory Asset by $15 million. Wednesday’s hearing will address DEF’s request to recover nuclear asset costs using securitization—a financing order allowing a utility to recover costs by issuing bonds with lower financing costs. DEF contends that securitization will lower costs for customers compared to traditional cost recovery methods.

The hearing is set for the following time and location:

Wednesday, October 14, 2015
9:30 a.m.

Betty Easley Conference Center
Joseph P. Cresse Hearing Room (Room 148)
4075 Esplanade Way
Tallahassee, Florida

If needed, the hearing will continue through Friday, October 16, beginning at 9:30 a.m. each day. 

For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc..



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