PSC Deciding Progress Energy Florida Rate Adjustments

TALLAHASSEE, Fla. (AP) -- The state Public Service Commission is considering annual rate adjustments sought by Progress Energy Florida including a charge for power purchased to replace output from a crippled nuclear reactor.
The commission will decide on fuel, purchased power and other adjustments on Tuesday after resolving a dispute over how much insurance money Progress can expect in 2013 for the damaged reactor at Crystal River.
The utility anticipates only the remaining $327.6 million not yet received on a $490 million replacement power policy.
Groups representing commercial customers contend Progress should expect a second $490 million because the reactor's containment building sustained two separate cracks in two different years.
That would reduce the replacement power costs passed on to customers by an equal amount.
A commission staff recommendations sides with the utility.

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