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Progress Energy Florida sued over nuclear plant financing scheme

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Progress Energy is facing a lawsuit over its requirement that customers pay in advance for a planned new nuclear plant on Florida' s Gulf Coast. The suit was filed on behalf of the nonprofit group Citizens for Ratepayer Rights.

"We tried everything to get someone to listen -- the Governor, House, Senate, [Public Service Commission], Attorney General -- anyone that would help stop the madness of allowing $17 billion to be collected by Progress with no requirement that any service be provided nor the nuclear plant even be built at all," said Suzan Franks, the group's founder. "We hope the courts will see this for what it is -- a privilege and lending of the state's taxing power to a private corporation, which is prohibited under the state Constitution."

First proposed by the company in 2006, the Levy County plant would include two nuclear reactors. The chosen site is close to Progress Energy's existing Crystal River Energy Complex.

In October 2008, the Florida PSC voted to allow Progress Energy to charge its customers an additional $11.42 per 1,000 kilowatt-hours to pay for the Levy County facility, the cost of which has been estimated at around $14 billion, plus $3 billion for needed power transmission upgrades. The state certified the site last August with the requirement that the company shut down two coal-fired units at Crystal River.

The company is planning to install at the Levy County site two Westinghouse AP1000 reactors -- the design for which still has not been approved by the U.S. Nuclear Regulatory Commission due to safety concerns. The Shaw Group's nuclear division has the contract to build the reactors, which are supposed to be operational by around 2020.

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re: Progress Energy Florida sued over nuclear plant financing sc

Good luck. Nuclear power is clearly the wrong solution to climate change. Don't be fooled by the lack of carbon coming from the smoke stack, nuclear hurts the climate. Read Amory Lovins blistering critique at tinyurl.com/forgetnuclear

re: Progress Energy Florida sued over nuclear plant financing sc

Good luck with that.

Shouldn't you be suing the state Legislature for passing an unconstitutional law? And is FP&L in your sights as well, since they are planning on advancing billing for nuclear power plants?

r

re: Progress Energy Florida sued over nuclear plant financing sc

Thanks and kudos to Suzan Franks, Frank Arenas and all who made this possible! Cut off the free money and the dangerous nuclear dinosaurs won't get built. If nuclear power is such a great idea let Wall Street investors and PEF stockholders finance it, not Progess Energy customers and taxpayers.

re: Progress Energy Florida sued over nuclear plant financing sc

any chance of posting a copy of the complaint? the sumter county court told me i could only get a copy by visiting the courthouse.

re: Progress Energy Florida sued over nuclear plant financing sc

Hmmm Paxus... by your logic, the sun hurts our climate. After all, it is one thing and one thing only: a nuclear reaction. When man engineers anything, he does it best when he emulates nature. How many natural instances of photovoltaics, the technology of solar panels, do you see? Hint: plants' photosynthesis is not the same thing. We all need to relax the hysteria we learned in a Jane Fonda movie. The natural truth: nuclear is good. The natural blunder: continuing a society built on exhausting fossil fuels. And neither the reliance on solar panels nor the chase of windmills will relieve us from that dependence on fossil. Just take the time to learn the facts.

re: Progress Energy Florida sued over nuclear plant financing sc

Fine. No nuclear. Let the coal-fired plants continue raising global temperatures. Then when the hurricanes and flooding wipe out Florida's major cities, demand will drop.

re: Progress Energy Florida sued over nuclear plant financing sc

I'm glad to see someone fighting back against Progress Energy. They're criminals. They are always trying to scam me by sending electric bills that are higher than they should be. Progress Energy is a corrupt organization and should stopped.