Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1472
                                Barcode 368550                          
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/16/2013           .                                

       The Committee on Community Affairs (Latvala and Simpson)
       recommended the following:
    1         Senate Amendment (with directory and title amendments)
    3         Between lines 138 and 139
    4  insert:
    5         (6) If the utility does elects not to complete or is
    6  precluded from completing construction of the nuclear power
    7  plant, including new, expanded, or relocated electrical
    8  transmission lines or facilities necessary thereto, or of the
    9  integrated gasification combined cycle power plant, the utility
   10  may shall be allowed to recover all prudent preconstruction and
   11  construction costs incurred following the commission’s issuance
   12  of a final order granting a determination of need for the
   13  nuclear power plant and electrical transmission lines and
   14  facilities necessary thereto or for the integrated gasification
   15  combined cycle power plant. The utility shall recover such costs
   16  through the capacity cost recovery clause over a period equal to
   17  the period during which the costs were incurred or 5 years,
   18  whichever is greater. The unrecovered balance during the
   19  recovery period will accrue interest at the utility’s weighted
   20  average cost of capital as reported in the commission’s earnings
   21  surveillance reporting requirement for the prior year. However,
   22  if the utility elects not to complete construction of the
   23  nuclear power plant, rather than being precluded from completing
   24  such construction, the utility may not recover or retain any
   25  rate of return. Any cost recovery after the date of the decision
   26  not to complete construction of the plant may not include a rate
   27  of return. A utility that elects not to complete construction
   28  shall refund to its customers the costs recovered before the
   29  date of the decision which are attributable to a recovery of a
   30  rate of return.
   32  ====== D I R E C T O R Y  C L A U S E  A M E N D M E N T ======
   33         And the directory clause is amended as follows:
   34         Delete line 20
   35  and insert:
   36         Section 1. Subsections (1), (2), (3), and (6) of section
   37  366.93,
   39  ================= T I T L E  A M E N D M E N T ================
   40         And the title is amended as follows:
   41         Delete line 9
   42  and insert:
   43         on preconstruction and construction phases; providing
   44         that a utility that elects not to complete
   45         construction of a nuclear power plant may not recover
   46         or retain any rate of return for related costs;
   47         requiring