Florida PSC Approves Cost Recovery for Duke Energy’s New Power Plant

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Posted on July 13, 2018 by Dave Kovaleski

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The Florida Public Service Commission (PSC) has approved cost recovery for Duke Energy Florida’s new Citrus County power plant.

The Citrus County Power Plant is a 1,640 megawatt (MW) natural gas facility that will power approximately 110,000 residential homes. It is one of the biggest projects of its kind.

The plant, located next to Duke Energy’s Crystal River energy complex in Florida, consists of two units. The units will be commissioned in two phases, the first in October and the second in December 2018.

“Duke customers will benefit from clean, reliable energy that will help meet federal emissions standards,” said PSC Commissioner Art Graham. “The construction of the plant has also generated substantial economic benefits, involving local suppliers and creating jobs in Florida.

The Florida PSC has approved the estimated revenue requirement of $ 200,488,588 for the Citrus County facility. Thus, a residential customer using 1,000 kWh per month will see their monthly bill increase by $ 3.59 for phase one and $ 2.25 for phase two. Overall, the combined tariff increase of $ 5.84 is $ 0.71 lower than the increase estimated in the original filing for the power plant.

Duke Energy Florida, Office of Public Counsel, Florida Industrial Power Users Group, Federal Retail Federation, White Springs Agricultural Chemicals, Inc. d / b / a PCS Phosphate and Southern Alliance for Clean Energy all signed the agreement settlement.


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