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Overview of Florida's Nuclear Power Plant Regulatory Role and Cost Recovery Process

This document outlines the Florida Public Service Commission's regulatory role in overseeing nuclear power plants. It details the legal framework established by Florida statutes, the Commission’s implementing rules, and the process for cost recovery associated with nuclear projects. Key elements include petition requirements, time limits for consideration, criteria for need determination, and provisions for early cost recovery. It also discusses on-going auditing, monitoring, and assessments of the financial feasibility of nuclear projects, alongside timelines for hearings and filings.

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Overview of Florida's Nuclear Power Plant Regulatory Role and Cost Recovery Process

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  1. State of Florida Public Service Commission Nuclear Power Plants The Commission’s Regulatory Role Chairman Matthew M. Carter II

  2. State of FloridaPublic Service Commission Overview • Florida’s statutes on nuclear power plants • Commission’s implementing rules • Cost recovery process

  3. State of FloridaPublic Service Commission • Legislature’s promotion of investment in nuclear power—Chapter 403.519 • Lists petition requirements • Establishes time limits for consideration • Specifies criteria for need determination • Waives Bid Rule requirement • Provides early cost recovery

  4. State of FloridaPublic Service Commission • Commission Rules implement statutes • Adds petition requirements • Expands nuclear cost recovery process • Early recovery of site selection, pre-construction and construction costs • On-going auditing and monitoring • Assess long-term feasibility of completing project • Provides continuing cost-effectiveness review

  5. State of FloridaPublic Service Commission • Nuclear cost recovery process • Last year’s true-up filing • This year’s to-date actuals and year-end estimates filing • Next year’s projected costs filing

  6. State of FloridaPublic Service Commission • Nuclear cost recovery process (cont’d) • New section formed to review cost recovery filings for nuclear plants Cost recovery process timeline Fuel, capacity, environmental, and conservation cost recovery hearing True-up Filing Estimate Filing Staff Rec Discovery and Staff review Hearing Agenda Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

  7. State of FloridaPublic Service Commission • Nuclear cost recovery process (cont’d)

  8. State of Florida Public Service Commission Thank You! Chairman Matthew M. Carter II

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