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Economy / Business

State Regulators: Cost of Closed Crystal River Generator to be Passed On to Customers


Florida utility regulators are letting Duke Energy Florida, the nation's largest utility, raise rates to pay for a shuttered nuclear power plant in Crystal River.

The Florida Public Service Commission voted Monday to let Duke raise rates .89 cents a month for the average customer to pay for the plant.

The charge, which would take effect in January 2014, would last for seven years.

Commissioners agreed to the rate hike as part of a decision to wait until later this year to approve a settlement agreement tied to two nuclear plants.

Duke announced last week it was scuttling plans to build a $24.7 billion nuclear power plant in Levy County in north Florida.

The company announced in February it was closing the Crystal River plant.

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