INSTITUTE INDEX: Nuclear scam in the Sunshine State?
Amount Florida utilities want to bill their customers in advance for planned new nuclear reactors: $200 million
Amount the state's Public Service Commission has already authorized the companies to bill their customers in advance: $269 million
Number of new reactors proposed for the state by FPL and Progress Energy, respectively: 2, 2
Estimated amount that monthly bills would increase for Progress Energy's Florida customers as a result: $40
Number of years at minimum it will take before the proposed reactors are built: 10
Size of the rate hike that FPL originally requested for its proposed reactors: $1.26 billion
Size of the rate hike the PSC approved: $75.5 million
Month that Fitch put FPL on its negative ratings watch after the Public Service Commission declined its full rate hike request: 1/2010
Month that Fitch downgraded Progress Energy to just above junk bond status: 5/2010
Month that FPL's president told a newspaper editorial board that the company may never build the reactors it wants to build because of a host of problems, including design issues: 6/2010
Number of revisions the design for the Westinghouse AP1000 reactor, which is the type chosen for the Florida projects, has undergone so far without getting final approval: 18
Month that nuclear watchdog groups released a report warning that the AP1000 is vulnerable to serious corrosion problems: 4/2010
Number of construction license applications that have been filed with the Nuclear Regulatory Commission for AP1000 reactors: 14
Percent of those that are in the South: 100
Date that the Florida Public Service Commission begins hearings on the companies' proposed rate hikes: 8/24/2010
Amount the state's Public Service Commission has already authorized the companies to bill their customers in advance: $269 million
Number of new reactors proposed for the state by FPL and Progress Energy, respectively: 2, 2
Estimated amount that monthly bills would increase for Progress Energy's Florida customers as a result: $40
Number of years at minimum it will take before the proposed reactors are built: 10
Size of the rate hike that FPL originally requested for its proposed reactors: $1.26 billion
Size of the rate hike the PSC approved: $75.5 million
Month that Fitch put FPL on its negative ratings watch after the Public Service Commission declined its full rate hike request: 1/2010
Month that Fitch downgraded Progress Energy to just above junk bond status: 5/2010
Month that FPL's president told a newspaper editorial board that the company may never build the reactors it wants to build because of a host of problems, including design issues: 6/2010
Number of revisions the design for the Westinghouse AP1000 reactor, which is the type chosen for the Florida projects, has undergone so far without getting final approval: 18
Month that nuclear watchdog groups released a report warning that the AP1000 is vulnerable to serious corrosion problems: 4/2010
Number of construction license applications that have been filed with the Nuclear Regulatory Commission for AP1000 reactors: 14
Percent of those that are in the South: 100
Date that the Florida Public Service Commission begins hearings on the companies' proposed rate hikes: 8/24/2010
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Sue Sturgis
Sue is the editorial director of Facing South and the Institute for Southern Studies.