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Florida regulator rejects cost recovery for proposed FPL nuclear reactors

Oct. 18, 2017 11:59 AM ETNextEra Energy, Inc. (NEE) StockNEEBy: Carl Surran, SA News Editor4 Comments
  • Florida utility regulators yesterday rejected a request from NextEra Energy (NEE -0.4%) unit Florida Power & Light to recover costs incurred after 2016 for two new nuclear reactors at the Turkey Point power plant.
  • The Florida Public Service Commission cited insufficient evidence to decide on FPL’s request to recover costs because the utility did not file a required feasibility analysis for the new reactors in 2017.
  • FPL has not made a final decision to build the new reactors, whose designer and planned builder is Toshiba's bankrupt Westinghouse unit; two reactors already are operating at the Turkey Point plant south of Miami.

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