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Rates Will Go Up For Duke Energy Customers

Rates Will Go Up For Duke Energy Customers

TALLAHASSEE, Fla. (970 WFLA) - By a 4-1 vote, the Florida Public Service Commission has approved a settlement agreement with Duke Energy.

The utility says will help it recoup billions it spent on botched repairs to the Crystal River Nuclear Power Plant, which has since closed for good.  It would also allow Duke Energy to recover some of the investment it made to build a nuclear reactor in Levy County, which was scuttled.

The agreement means Duke Energy customers will end up having more than $5 added to their monthly bill. 

The settlement has generated a fair amount of controversy and consumer groups have threatened lawsuits if the settlement was approved.

 

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