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	<description>Florida Citizens For Fair Electric Rates</description>
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		<title>What do you get when you buy a nuke?</title>
		<link>http://regressenergy.com/?p=186</link>
		<comments>http://regressenergy.com/?p=186#comments</comments>
		<pubDate>Tue, 19 May 2009 01:01:05 +0000</pubDate>
		<dc:creator>Florida Citizens</dc:creator>
				<category><![CDATA[News you can use]]></category>

		<guid isPermaLink="false">http://regressenergy.com/?p=186</guid>
		<description><![CDATA[5/5/09 What do you get when you buy a nuke?  You get a lot of delays and rate increases….
Progress Energy said Friday it has pushed back by 20 months its schedule for bringing on-line two planned new nuclear reactors in Florida, after the Nuclear Regulatory Commission said its review of the plant site will [...]]]></description>
			<content:encoded><![CDATA[<h2><a title="Permanent Link: What do you get when you buy a nuke?  You get a lot of delays and rate increases…." rel="bookmark" href="http://climateprogress.org/2009/05/05/nuclear-power-plant-costs-progress-energy/">5/5/09 What do you get when you buy a nuke?  You get a lot of delays and rate increases….</a></h2>
<blockquote><p><a href="http://climateprogress.org/wp-content/uploads/2009/05/nuclear-power-costs.gif"><img class="alignright size-full wp-image-6359" title="nuclear-power-costs" src="http://climateprogress.org/wp-content/uploads/2009/05/nuclear-power-costs.gif" alt="" width="191" height="210" /></a><strong>Progress Energy said Friday it has pushed back by 20 months its schedule for bringing on-line two planned new nuclear reactors</strong> in Florida, after the Nuclear Regulatory Commission said its review of the plant site will take longer than expected.</p>
<p>Progress also said it will spread out over five years certain early–stage costs for the new reactors that it could legally bill to ratepayers entirely in 2010, an apparent bid to <strong>tamp down customer anger over rate increases linked to the project that took effect earlier this year.</strong></p>
<p><strong>&#8230;.for more click the title above.<br />
</strong></p></blockquote>



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		<title>Progress Energy nuclear plant delayed by at least 20 months</title>
		<link>http://regressenergy.com/?p=181</link>
		<comments>http://regressenergy.com/?p=181#comments</comments>
		<pubDate>Fri, 01 May 2009 14:48:49 +0000</pubDate>
		<dc:creator>Florida Citizens</dc:creator>
				<category><![CDATA[News you can use]]></category>

		<guid isPermaLink="false">http://regressenergy.com/?p=181</guid>
		<description><![CDATA[Good news (except for early cost recovery)-
May 01, 2009

Progress Energy nuclear plant delayed by at least 20 months


 Progress Energy’s $17 billion nuclear project has been delayed by at least 20 months, the St. Petersburg utility announced Friday morning.
The utility was unable to get approval from the Nuclear Regulatory Commission to begin construction before site [...]]]></description>
			<content:encoded><![CDATA[<h2 class="date-header">Good news (except for early cost recovery)-</h2>
<h2 class="date-header">May 01, 2009</h2>
<div id="entry-66238779" class="entry">
<h3 class="entry-header">Progress Energy nuclear plant delayed by at least 20 months</h3>
<div class="entry-content">
<div class="entry-body">
<p><a style="float: left;" onclick="window.open( this.href, '_blank', 'width=640,height=480,scrollbars=no,resizable=no,toolbar=no,directories=no,location=no,menubar=no,status=no,left=0,top=0' ); return false" href="http://blogs.tampabay.com/.a/6a00d83451b05569e201156f6d0164970c-popup"><img class="at-xid-6a00d83451b05569e201156f6d0164970c" style="margin: 0px 5px 5px 0px; width: 200px;" src="http://blogs.tampabay.com/.a/6a00d83451b05569e201156f6d0164970c-200wi" alt="LevyNukerendering" /></a> Progress Energy’s $17 billion nuclear project has been delayed by at least 20 months, the St. Petersburg utility announced Friday morning.</p>
<p>The utility was unable to get approval from the Nuclear Regulatory Commission to begin construction before site and safety reviews were complete, said spokeswoman Suzanne Grant. The company does not yet know if the delay will add to the cost, she said.</p>
<p>The delay means the first of Progress Energy’s two new reactors will not start producing power until at least March 2018.</p>
<p>Despite the delay, the utility’s customers will continue to pay for the early construction costs. The utility asked state regulators to allow them to add a monthly charge to customer bills of  $6.69 per 1,000 kilowatt hours starting in January.</p>
<p>In 2006, the state legislature passed a law allowing utilities to bill customers for the early costs of building a nuclear power plant. It remains one of the most nuclear-friendly policies in the nation. The Missouri legislature recently balked at passing a similar bill, forcing one energy company to shelve its plans for a new nuclear plant.</p>
<p>When the electric rate increases hit Progress Energy bills in January, cash-strapped Floridians rebelled. Legislators that voted for the bill three years ago were flooded with complaints from outraged constituents. The backlash threatened to undermine the state’s steady support for nuclear power.</p>
<p>Facing threats that the law might be repealed, Progress Energy took a step backward. The St. Petersburg utility in April lowered its monthly nuclear charge to $3.62 per 1,000 kilowatt hours, down from the $11.42 the utility had added in January. A small portion of the nuclear charge, 69 cents per kilowatt hour, pays for improvements to the existing Crystal River nuclear plant.</p>
<p>So far, Progress Energy said it has invested $389 million in the Levy County project, and that approximately $80.5 million has been collected from customers.</p>
<p><em>-Asjylyn Loder, Times Staff Writer</em></div>
</div>
<div class="entry-footer">Posted by Times Editor at 08:04:29 AM on May  1, 2009<br />
in  | <a href="http://blogs.tampabay.com/energy/2009/05/progress-energy-nuclear-plant-delayed-by-at-least-20-months.html">Permalink</a></div>
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		<title>Nuclear reactors&#8217; cost: $17 billion. The News &amp; Observer</title>
		<link>http://regressenergy.com/?p=52</link>
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		<pubDate>Mon, 06 Apr 2009 19:26:31 +0000</pubDate>
		<dc:creator>Florida Citizens</dc:creator>
				<category><![CDATA[News you can use]]></category>

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		<description><![CDATA[Tue, Mar. 11, 2008; Progress Energy plans to file its estimate for two new reactors with Florida regulators today]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.newsobserver.com/business/story/993686.html">http://www.newsobserver.com/business/story/993686.html</a></p>
<h2 id="story_subheadline">Progress Energy plans to file its estimate for two new reactors with Florida regulators today</h2>
<div id="story_bycredit"><span class="byline">John Murawski</span> &#8211; <span class="creditline">Staff Writer</span></div>
<h4 id="publishDate" class="date">Published: Tue, Mar. 11, 2008 12:30AM</h4>
<div id="story_text_top">
<p>Building two nuclear reactors in Florida would cost Progress Energy $17 billion, which would increase the bills of the company&#8217;s customers in that state by an average of 3 percent to 4 percent a year for 10 years.</p>
<p>The cost estimates, to be filed with Florida regulators today, are an early indication of Progress&#8217; potential nuclear costs in North Carolina. The utility, based in Raleigh, is considering two new reactors at its Shearon Harris site in Wake County.</p>
<p>The reactors proposed in Florida &#8212; the Westinghouse AP1000 &#8212; are the same models that Progress is planning at Shearon Harris.</p>
<div id="story_text_remaining">
<p>The costs of building multibillion-dollar power plants are paid by utility customers through their monthly bills over several decades. Such costs have been shrouded in speculation as utilities, vendors and manufacturers sought to promote a resurgence in nuclear power while avoiding the negative repercussions of sticker shock.</p>
<p>Today&#8217;s filing before the Florida Public Service Commission will be the subject of hearings in that state this year about the need for nuclear plants. It&#8217;s one of the nation&#8217;s first cost estimates for new reactors and is consistent with a recent appraisal from Florida Power &amp; Light for two Westinghouse units.</p>
<p>Progress officials promote nuclear energy as the cheapest option for meeting growing energy demand. Several years ago, the company was projecting a cost of $2 billion to $3 billion per reactor, but since then the cost of labor and materials has skyrocketed amid increasing global demand for energy.</p>
<p>Nuclear energy had stalled after the 1979 accident at Three Mile Island in Pennsylvania, but the technology has gained new advocates because of concerns about global warming.</p>
<p>The operation of nuclear generators, unlike that of coal-burning power plants, does not produce carbon dioxide, the greenhouse gas blamed for heating the planet. Supporters promote nuclear energy as a clean fuel, despite its lethal byproduct: radioactive nuclear waste.</p>
<p>Nuclear critics who advocate renewable energy and conservation programs are sure to seize on the newest estimates as evidence that nuclear costs are spiraling out of control.</p>
<p>During the last period of nuclear expansion three decades ago, critics say, utilities lowballed nuclear cost estimates only to revise them mid-construction.</p>
<p>In the 1970s, for example, the construction of Shearon Harris was originally projected to cost $1.1 billion for four reactors, but the actual cost was $3.9 billion for one reactor. The other three reactors were canceled amid cost overruns and reduced demand forecasts.</p>
<p>Progress is expected to submit a more detailed cost estimate for the Florida nuclear plants in May.</p>
<p>The company&#8217;s nuclear cost estimates include financing, land acquisition, construction, labor and regulatory fees.</p>
<p><strong>Relevant to N.C.?</strong></p>
<p>Progress spokesman Rick Kimble warned against extrapolating costs in North Carolina from the Florida estimates.</p>
<p>He noted that the utility has not signed a contract with Westinghouse for reactors for North Carolina and could continue negotiating for months. Progress officials have said they would not reveal cost estimates for new reactors at Shearon Harris until the company negotiates a contract.</p>
<p>Progress&#8217; Florida cost estimate includes $3 billion to build about 200 miles of transmission lines and substations in 10 counties, an expense not anticipated in North Carolina.</p>
<p>In this state, the new reactors would be placed at a site that was designed for four reactors.</p>
<p>The Florida nuclear plants, however, would be built about seven miles from the company&#8217;s Crystal River Nuclear Plant on 3,100 acres of former timberland that Progress bought for about $43 million last year.</p>
<p>The first of Progress&#8217; planned nuclear plants in Florida is expected to begin operation in 2016, with the second unit going online in 2017.</p>
<p>In North Carolina, the first unit would begin operating between 2018 and 2020 if the company decides it can afford to build it. A final decision is at least a year away.</p></div>
</div>



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		<title>Get Wise!</title>
		<link>http://regressenergy.com/?p=1</link>
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		<pubDate>Sat, 04 Apr 2009 19:28:35 +0000</pubDate>
		<dc:creator>Florida Citizens</dc:creator>
				<category><![CDATA[News you can use]]></category>

		<guid isPermaLink="false">http://regressenergy.com/?p=1</guid>
		<description><![CDATA[
WiseUp!
It is outrageous that by 2018, Progress Energy will add more than $40 a month to your power bill for new nuclear reactors before they ever produce any electricity, if they’re ever even built. Florida&#8217;s Legislature gave the power companies direct access to your cash with minimal accountability when they passed Senate Bill 888 in [...]]]></description>
			<content:encoded><![CDATA[<h2><img class="alignleft size-medium wp-image-18" title="holding-high1" src="http://regressenergy.com/wp-content/uploads/holding-high1-200x300.png" alt="holding-high1" width="200" height="300" /></h2>
<h2>WiseUp!</h2>
<p>It is outrageous that by 2018, Progress Energy will add more than $40 a month to your power bill for new nuclear reactors before they ever produce any electricity, if they’re ever even built. Florida&#8217;s Legislature gave the power companies direct access to your cash with minimal accountability when they passed Senate Bill 888 in 2006 and now we’re having huge rate increases. To make matters even worse, the utilities want nuclear power to be called renewable energy in order to get further favorable treatment. This is outrageous! Contact the Governor, your state&#8217;s senator and representative today! Tell them to say no to early cost recovery for new nuclear reactors and no to nuclear power in a renewable energy plan.</p>



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