AP News

Fla. regulators ok Duke nuclear rate hike

TALLAHASEE, Fla. (AP) — Florida utility regulators are letting the Duke Energy Corp. raise rates to pay for a now shuttered nuclear power plant.

The Florida Public Service Commission voted Monday to let Duke Energy Florida raise rates .89 cents a month for the average customer to pay for its Crystal River Plant.

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

PSC 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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