Mar. 1st, 2009

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Now that Georgia has decided to stick the Georgia Power ratepayers with new nuke costs way in advance of any power production, it's kind of fun to watch all the reporting on how bad a political idea that was for Florida legislators who decided to go down that road.

Karma.

Power Play - AmerenUE's Ambitions Face Scrutiny - Columbia Daily Tribune - 01 Mar 09

"Florida Public Service Commissioner Nancy Argenziano suggested in an interview last week that Missouri lawmakers carefully weigh the issue of 'upfront recoveries.' Argenziano was a member of the Florida Senate in 2007 when an energy bill was approved that allowed utilities to recover money spent on new nuclear plants. She was later appointed to the state’s PSC.

Just last month, the Florida PSC allowed a utility there to recover $34 million in pre-construction costs associated with a coal project that was later canceled.

'People are going ballistic because of the increase in rates,' Argenziano said. 'These are big numbers coming at the wrong time, and many legislators who voted for it are starting to understand the ramifications.'"
'
webfarmer: (Default)
Now that Georgia has decided to stick the Georgia Power ratepayers with new nuke costs way in advance of any power production, it's kind of fun to watch all the reporting on how bad a political idea that was for Florida legislators who decided to go down that road.

Karma.

Power Play - AmerenUE's Ambitions Face Scrutiny - Columbia Daily Tribune - 01 Mar 09

"Florida Public Service Commissioner Nancy Argenziano suggested in an interview last week that Missouri lawmakers carefully weigh the issue of 'upfront recoveries.' Argenziano was a member of the Florida Senate in 2007 when an energy bill was approved that allowed utilities to recover money spent on new nuclear plants. She was later appointed to the state’s PSC.

Just last month, the Florida PSC allowed a utility there to recover $34 million in pre-construction costs associated with a coal project that was later canceled.

'People are going ballistic because of the increase in rates,' Argenziano said. 'These are big numbers coming at the wrong time, and many legislators who voted for it are starting to understand the ramifications.'"
'

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