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Paying in advance for nothing at all
Paying in advance for nothing at all
Ivan Penn, Times Staff Writer
February 28, 2014
In 2006, when volatile natural gas prices stoked fears of steep increases in electric bills, it seemed sensible, perhaps even necessary, to charge customers in advance to help build new nuclear projects.
A lot has changed in eight years. Florida's gamble in creating a so-called "advance fee" for nuclear projects will cost consumers billions — for nothing.
The reality of those losses will play prominently in debate about the state's energy policies as the 2014 legislative session begins.
There already are several measures drafted in response to the 2006 law that created the nuclear advance fee, known as the Nuclear Cost Recovery Clause.
Some Democrats want the law repealed entirely....
Ivan Penn, Times Staff Writer
February 28, 2014
In 2006, when volatile natural gas prices stoked fears of steep increases in electric bills, it seemed sensible, perhaps even necessary, to charge customers in advance to help build new nuclear projects.
A lot has changed in eight years. Florida's gamble in creating a so-called "advance fee" for nuclear projects will cost consumers billions — for nothing.
The reality of those losses will play prominently in debate about the state's energy policies as the 2014 legislative session begins.
There already are several measures drafted in response to the 2006 law that created the nuclear advance fee, known as the Nuclear Cost Recovery Clause.
Some Democrats want the law repealed entirely....
http://www.tampabay.com/news/perspective/paying-in-advance-for-nothing-at-all/2167888
