PSC Credits $54 million to Duke Energy Customers

	State of Florida NEWS RELEASE
10/2/2014	Contact: 850-413-6482
PSC Credits $54 million to Duke Energy Customers
TALLAHASSEE — The three-member panel of the Florida Public Service Commission (PSC) today ordered that a credit be given to customers for $54 million dollars in equipment that was never received for the Levy Nuclear Project (LNP).  Commissioner Julie I. Brown stated "We need to pause here and reflect on what is fair, just and in the public interest. $3.45 per month may not seem like a lot to some people, but it means everything to Duke's customers. Customers shouldn't have to pay for something that was never delivered on." The $3.45 a month was initially agreed to in order to recover remaining costs associated with the LNP project. Once the remaining costs are recovered, customers should expect that this charge will be removed from their bills. Because of this credit, the charge will now be removed much earlier than was anticipated under the prior Settlement Agreement. "The Commission has the authority to order Duke to make this adjustment, and it is the right thing to do" said Commissioner Eduardo E. Balbis Added Commissioner Ronald A. Brisé, “This adjustment is within the authority of the Commission and was contemplated in the most recent Duke settlement agreement. The Commission is cognizant of the impact of this decision on Duke’s ratepayers who have carried a significant financial load without the benefit they thought they would receive. I believe that this result is fair and reasonable and that it adequately reflects the intentions of the Legislature when the NCRC was created.” DEF, Florida’s second largest investor-owned utility, serves 1.7 million customers. For more information visit the PSC website, at www.floridapsc.com. Follow the PSC on Twitter, @floridapsc.

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