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State of Florida Public Service Commission. Nuclear Power Plants. The Commission’s Regulatory Role. Chairman Matthew M. Carter II. State of Florida Public Service Commission. Overview Florida’s statutes on nuclear power plants Commission’s implementing rules Cost recovery process.

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Presentation Transcript
nuclear power plants

State of Florida

Public Service Commission

Nuclear Power Plants

The Commission’s Regulatory Role

Chairman Matthew M. Carter II

state of florida public service commission
State of FloridaPublic Service Commission

Overview

  • Florida’s statutes on nuclear power plants
  • Commission’s implementing rules
  • Cost recovery process
state of florida public service commission1
State of FloridaPublic Service Commission
  • Legislature’s promotion of investment in nuclear power—Chapter 403.519
    • Lists petition requirements
    • Establishes time limits for consideration
    • Specifies criteria for need determination
    • Waives Bid Rule requirement
    • Provides early cost recovery
state of florida public service commission2
State of FloridaPublic Service Commission
  • Commission Rules implement statutes
    • Adds petition requirements
    • Expands nuclear cost recovery process
      • Early recovery of site selection, pre-construction and construction costs
      • On-going auditing and monitoring
      • Assess long-term feasibility of completing project
        • Provides continuing cost-effectiveness review
state of florida public service commission3
State of FloridaPublic Service Commission
  • Nuclear cost recovery process
    • Last year’s true-up filing
    • This year’s to-date actuals and year-end estimates filing
    • Next year’s projected costs filing
state of florida public service commission4
State of FloridaPublic Service Commission
  • Nuclear cost recovery process (cont’d)
    • New section formed to review cost recovery filings for nuclear plants

Cost recovery process timeline

Fuel, capacity, environmental, and conservation cost recovery hearing

True-up Filing

Estimate Filing

Staff Rec

Discovery and Staff review

Hearing

Agenda

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

state of florida public service commission5
State of FloridaPublic Service Commission
  • Nuclear cost recovery process (cont’d)
slide8

State of Florida

Public Service Commission

Thank You!

Chairman Matthew M. Carter II

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