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Crystal River nuclear plant

Duke Energy applies for $1.3B in bonds to cut Crystal River costs

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Duke Energy is asking the Florida Public Service Commission for permission to issue $1.3 billion worth of a type of securitized bond, which will help reduce charges to consumers for shutting down the mothballed Crystal River nuclear plant. John Downey of the Charlotte Business Journal reports the request is for a new bond approved by state lawmakers in 2015 for reducing Crystal River costs. The move could save Duke’s Florida customers about $790 million over the next two decades. The…

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Senate passes Duke/PSC bill after House rejected amendments

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The Senate on Wednesday voted to strip off amendments it passed to a bill involving Duke Energy Florida and financing for its Crystal River nuclear plant and sent the bill to the governor. HB 7109 would allow Duke Energy to issue bonds to cover $1.4 billion in operating costs prior to the shutdown of its Crystal River nuclear plant. Sen. Jack Latvala, sponsor of the Senate companion bill, said the legislation would save Duke customers $600 million over 20 years. But…

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Water, fracking bills die as Senate meets without House

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A House bill establishing comprehensive water policy was amended and passed by the Senate on Wednesday but was dead because the House had adjourned on Tuesday. And House bills dealing with hydraulic fracturing were not voted on in the Senate because their Senate sponsor said they lacked the two-thirds vote needed. The 2015 legislative session continued in an unusual atmosphere on Wednesday with the Senate taking up bills after the House adjourned amid a budget impasse over healthcare spending. A…

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PSC/Duke Energy bill teed up for Senate vote after amendment withdrawn

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A Senate bill amendment to bar legislators from serving on the Public Service Commission within two years of leaving office was withdrawn on Thursday. Stat Sen. John Legg, a Republican from Lutz, had filed the amendment to SB 288, a PSC bill that was brought up on second reading Thursday. The amendment was withdrawn because of a likely rule challenge because the language is contained in another bill SB 170, Legg said. The bill was never heard in a committee.…

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Amendment filed to prevent legislators from going straight to PSC

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State Sen. John Legg says he considers former state Rep. Jimmy Patronis to be a friend and a fine man, but he doesn’t think he should have gone so quickly from the Legislature to the Public Service Commission. And Legg has filed a bill amendment he said is aimed at preventing that from happening in the future. Patronis, a Republican from Panama City, served in the House from 2006 to 2014, when he reached his term limits before being appointed by…

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