Reject FPL proposal

 

After years of debate, the fate of Florida Power & Light’s two proposed nuclear reactors and controversial high-voltage transmission lines at the Turkey Point facility is in the hands of Gov. Rick Scott and the cabinet, scheduled to consider the proposal on Tuesday.

The Florida Alliance for Consumer Protection’s main issue with these proposals is the continued use of early cost recovery as a method to fund nuclear plant construction. One problem with this funding formula is that it shifts the risk in building a new reactor to consumers while shielding companies from the consequences of their investment. Companies make a substantial sum of money if they pull out of a project and make even more through interest if a project is delayed. Utilities also face no penalty if they pull out of a project or if projects run billions of dollars over initial projections.

Last year, after collecting fees from ratepayers for years and telling regulators that charging in advance allowed them to build the plants faster and save consumers money, Duke energy pulled the plug on its Levy nuclear plant. There was no cheap energy, no cost savings and customers had to pay $1.5 billion on a project that would never be built while Duke Energy was able to keep $150 million in profits.

As cabinet members review the proposed Turkey Point reactors and transmission lines we urge them to consider the fact that FPL has not received certification by the NRC to move forward on the projects yet. The Florida Alliance For Consumer Protection would like to see the cabinet reject this proposal altogether, but the cabinet should at least delay this decision until the certification is issued to prevent the utility from charging customers for a project that may never exist.

Brad Ashwell, legislative director, Florida Alliance for Consumer Protection, Tallahassee

Read more Letters to the Editor stories from the Miami Herald

  • The readers’ forum

    Preliminary library tax rate must survive

    County commissioners praised the hundreds of residents who descended upon Government Center recently to plead for a $64 million library budget for the coming year. Commissioners settled on a less ambitious course, approving a slight increase above Mayor Carlos Gimenez’s recommended tax rate to avert further service cuts and layoffs of an additional 90 librarians.

  • A very liveable city

    Re the July 21 article Car-free and frustrated: I, too, live in Brickell and I have been delighted with the wonderful transportation system in downtown Miami. I can easily get to the University of Miami hospitals, the airport, the Arsht Center, the museums and hundreds of great restaurants. And when the new Brickell City Center opens, with its great shops, it will be even better. I almost never use my car.

  • Immigration reform

    Re the July 18 editorial, Follow the law: We should rescue some valid assertions. First, we all should know why so much insecurity exists in Central America.

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category