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Crystal River

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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Rick Scott signs bill making modest reforms to Public Service Commission and public utilities

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Florida Gov. Rick Scott signed into law Wednesday HB 7109, a bill that makes modest reforms at the state Public Service Commission. The law limits future Public Service Commission members to three consecutive four-year terms and require commissioners to undergo annual ethics training. The bill was weakened when the House refused to accept a Senate amendment that would require the PSC to hold customer service meetings every other year in the service area of the utilities they regulate. It also requires that specified commission…

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