PSC Approves FPL Fuel Cost Refund for 2008 Outage
Florida’s Public Service Commission (PSC) today approved Florida Power & Light Company’s (FPL) Proposed Resolution of Issues, agreeing that the company should refund replacement power costs attributable to the February 26, 2008, outage. The Resolution, filed with the Commission by FPL, was also signed by the Office of Public Counsel and the Attorney General.
On February 26, 2008, a fault occurred at FPL’s Flagami substation in Miami-Dade County that caused three of FPL’s fossil-fueled generating units and its Turkey Point Nuclear Units 3 and 4 to trip offline. As a result, FPL was required to operate several less efficient and costlier peaking units, replace nuclear-fueled generation with more costly gas-fired generation, and purchase power at a higher cost.
How much FPL must repay and how that repayment will be refunded to customers will be presented to the Commission at a hearing scheduled for March 17-18, 2010.
PSC approval of the Resolution acknowledges FPL’s payment for replacement power costs and does not acknowledge imprudence or improper actions by the company.
For additional information, visit www.floridapsc.com.
Related posts:
- FPL Fuel Cost Refund Hearing to Begin Wednesday
- PSC Orders $13.8 Million Refund for FPL Customers
- PSC Approves Stipulation for FPL Nuclear Cost Recovery
- PSC Orders Refund for FPL customers, Sets 2010 Fuel Charges
- PSC talking about cost of nuclear power plant in S. Florida today
Short URL: http://browardnetonline.com/?p=6152
Posted by Andrea Freygang
on Jan 26 2010. Filed under Broward County, FPL, Local news, Miami.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
