995069
GENERAL APPROPRIATIONS BILL Committee Amendment
SB1500 AGG 27
Senator(s) Latvala, Legg, Brandes, and Simpson moved the following
amendment:
Section: 06 EXPLANATION:
On Page: 340 Requires the Public Service Commission to perform a
comprehensive review of the continuing prudency,
Spec App: cost effectiveness and need of any proposed nuclear
power plant for which cost recovery has been
authorized.
NET IMPACT ON: Total Funds General Revenue Trust Funds
Recurring - 0 0 0
Non-Recurring - 0 0 0
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Positions & Amount Positions & Amount
DELETE INSERT
PUBLIC SERVICE COMMISSION
Program: Utility Regulation And Consumer
Assistance
Utility Regulation 61030100
In Section 06 On Page 340
Insert proviso immediately preceding Specific Appropriation 2967:
From the funds provided in Specific Appropriations 2967 through 2973,
the Public Service Commission shall perform a comprehensive review of
the continuing prudency, cost effectiveness and need of any proposed
nuclear power plant for which cost recovery under section 366.93,
Florida Statutes, has been authorized if the currently anticipated
inservice date for the plant has been extended more than six years
beyond its original proposed inservice date and if the most recent
estimate of the plant's total cost has increased by more than 50 percent
of the original cost estimate for the plant. In making this
determination, the commission must consider all relevant factors,
including but not limited to, the utility's need for that plant,
technology and fuel choices, applicable federal and state licensing and
permitting factors, and near and long-term cost to its ratepayers. Based
on its review, the commission shall determine whether to authorize for
recovery under section 366.93, Florida Statutes, any new or future costs
for which cost recovery has not already been authorized. Such review
995069 Log:0014 END/END 04/08/13 07:16:05 PM Senate Page: 1
shall commence on or before July 1, 2013, and shall be complete by
February 1, 2014.
995069 Log:0014 END/END 04/08/13 07:16:05 PM Senate Page: 2