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(Louisiana) PSC rules against nuclear plant charges for Entergy customers
PSC votes against nuclear plant charges for Entergy customers
BY MARK BALLARD Capitol news bureau June 29, 2012
State regulators refused Wednesday to allow Entergy Corp. to immediately charge its customers for about $63 million spent preparing to build another nuclear power plant at River Bend, near St. Francisville.
Entergy, which had gone as far as to negotiate with a building contractor, suspended in January 2010 efforts to build a generator fueled by nuclear rods to make electricity. A dramatic drop in the cost of natural gas made the cost of building a multi-billion dollar plant economically unviable at this time, according to Entergy’s filings with regulators.
The New Orleans-based company then sought to recover from customers, rather than shareholders, the money spent on the reports, studies, examinations and other activities necessary for obtaining licenses and financing. The state’s Incentive Cost Recovery Rule for Nuclear Power Generation allows Entergy to pass those costs to its customers.
The five elected members of the Louisiana Public Service Commission voted 3-2 not to hear any public testimony but to approve an administrative law judge’s decision over that of their own staff.
In wording unusually harsh for regulatory decisions ...
BY MARK BALLARD Capitol news bureau June 29, 2012
State regulators refused Wednesday to allow Entergy Corp. to immediately charge its customers for about $63 million spent preparing to build another nuclear power plant at River Bend, near St. Francisville.
Entergy, which had gone as far as to negotiate with a building contractor, suspended in January 2010 efforts to build a generator fueled by nuclear rods to make electricity. A dramatic drop in the cost of natural gas made the cost of building a multi-billion dollar plant economically unviable at this time, according to Entergy’s filings with regulators.
The New Orleans-based company then sought to recover from customers, rather than shareholders, the money spent on the reports, studies, examinations and other activities necessary for obtaining licenses and financing. The state’s Incentive Cost Recovery Rule for Nuclear Power Generation allows Entergy to pass those costs to its customers.
The five elected members of the Louisiana Public Service Commission voted 3-2 not to hear any public testimony but to approve an administrative law judge’s decision over that of their own staff.
In wording unusually harsh for regulatory decisions ...
http://theadvocate.com/news/3217577-123/psc-votes-against-nuclear-plant
