PSC to decide Progress Energy costs on Nov. 22

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State regulators will decide Nov. 22 how much Progress Energy Florida should be allowed to collect from customers next year to cover costs stemming from massive repairs at the Crystal River nuclear plant, reports the News Service of Florida. The controversial issue centers on what are known as “replacement power” costs. Progress has to buy power elsewhere to make up for lost generation at the idled plant. Attorneys for consumers and business groups contend the utility should not be able to pass along those costs next year because it has not properly handled the Crystal River project — an argument that Progress disputes. The state Public Service Commission finished a two-day hearing Wednesday about costs that will be passed along to customers of major utilities across the state. Commissioners on Monday approved costs for Florida Power & Light, Tampa Electric Co. and Gulf Power Co. The Nov. 22 decision will be a final piece in determining the overall amount that Progress customers will pay.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.