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(TampaBay.com (St. Petersburg Tim)   So you bill your customers $1.5 billion to build a power plant. Then don't build it. State law says you can keep the money. Duke sucks   (tampabay.com) divider line 35
    More: Florida, Levy County, state law, U.S. Nuclear Regulatory Commission, Public Service Commission, ratepayers, Florida Legislature, Vermont Law School, nuclear plant  
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6571 clicks; posted to Main » on 02 Aug 2013 at 12:52 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



35 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2013-08-02 12:53:50 PM
Shareholders get to keep the money, so it's all even right?
 
2013-08-02 12:54:53 PM
Greg Palast has been reporting crap like this for years.  Nobody seems to really care.

/back to work
 
2013-08-02 12:55:46 PM
Wow... just... wow...
 
2013-08-02 12:56:04 PM
Well, this is sad on multiple fronts.
 
2013-08-02 12:59:27 PM
I'm currently paying for a nuclear power plant under construction in Georgia.  I am not amused.
 
2013-08-02 01:01:40 PM

Born_Again_Bavarian: I'm currently paying for a nuclear power plant under construction in Georgia.  I am not amused.


But at least it is being built.  And I guess it is better than Goldman Sachs getting their grubby hands in the deal.
 
2013-08-02 01:02:11 PM
So it was like a Kickstarter, but mandatory. Oh crap now the government has more ideas.
 
2013-08-02 01:02:41 PM

Born_Again_Bavarian: I'm currently paying for a nuclear power plant under construction in Georgia.  I am not amused.


I'm currently paying for two wars in the Middle East, one of which nearly bankrupted our country. If I don't get to complain about that, you don't get to complain about nuclear power plants.
 
2013-08-02 01:06:37 PM
I wonder how much the politicians are getting. Prob'ly a bundle.
 
2013-08-02 01:07:03 PM

hardinparamedic: Born_Again_Bavarian: I'm currently paying for a nuclear power plant under construction in Georgia.  I am not amused.

I'm currently paying for two wars in the Middle East, one of which nearly bankrupted our country. If I don't get to complain about that, you don't get to complain about nuclear power plants.


Please we all know they payed for themselves this is just cause you want to blame bush for all of 0bumas mistakes
 
2013-08-02 01:07:05 PM
You will subsidize extremely profitable industries, and you will like it, citizen.
 
2013-08-02 01:08:15 PM
Floridians shouldn't feel lonely - Duke is pulling a similar stunt in NC after "merging" (actually, buying out) Progress Energy. They sold this to our credulous legislators/regulators as a cost-saving measure.

The rate hikes started before the ink on the agreement was even dry.

/glad I belong to a rural co-op
 
2013-08-02 01:10:57 PM
They should have gone for a molten salt reactor instead.  Fraction of the cost, environmentally friendly, and can not melt down.  Only problem is that they can't make weapons grade material, and they only employ a fraction of the Union labor as a conventional reactor, which politicians who want to create a ton of jobs hate.
 
2013-08-02 01:17:34 PM

Some Coke Drinking Guy: They should have gone for a molten salt reactor instead.  Fraction of the cost, environmentally friendly, and can not melt down.  Only problem is that they can't make weapons grade material, and they only employ a fraction of the Union labor as a conventional reactor, which politicians who want to create a ton of jobs hate.


i106.photobucket.com
 
2013-08-02 01:21:44 PM

Born_Again_Bavarian: I'm currently paying for a nuclear power plant under construction in Georgia.  I am not amused.


Illinois rate payers paid the highest rates in the country so ComEd coudl build a handful of nuke palnts.  Then the state legislature let ComEd sell the plants and charge the rate payers the same market rates as the rest of the country for the power.
 
2013-08-02 01:21:59 PM

Some Coke Drinking Guy: They should have gone for a molten salt reactor instead.  Fraction of the cost, environmentally friendly, and can not melt down.  Only problem is that they can't make weapons grade material, and they only employ a fraction of the Union labor as a conventional reactor, which politicians who want to create a ton of jobs hate.


The problem with Thorium Reactors is that the materials science doesn't exist yet.
 
2013-08-02 01:23:14 PM
If you don't like it, you can start your own power company, I think, right?
 
2013-08-02 01:25:49 PM

KellyX: Some Coke Drinking Guy: They should have gone for a molten salt reactor instead.  Fraction of the cost, environmentally friendly, and can not melt down.  Only problem is that they can't make weapons grade material, and they only employ a fraction of the Union labor as a conventional reactor, which politicians who want to create a ton of jobs hate.

[i106.photobucket.com image 291x256]


I love that picture...
 
2013-08-02 01:26:22 PM
So many words. That article was  SO LONG

/I care
//just not that much
 
2013-08-02 01:38:42 PM
I have no access to electricity so I'm getting a kick of this.
 
2013-08-02 01:39:13 PM

OldManDownDRoad: Floridians shouldn't feel lonely - Duke is pulling a similar stunt in NC after "merging" (actually, buying out) Progress Energy. They sold this to our credulous legislators/regulators as a cost-saving measure.

The rate hikes started before the ink on the agreement was even dry.

/glad I belong to a rural co-op



Tell me about it!

From another article:

The state Utilities Commission on Monday hears the pros and cons of a rate increase that would be the third since 2009 for customers of Duke Energy Carolinas, which serves the western part of the Triangle and much of western North Carolina.

A proposed settlement with the state's official consumer advocate would allow Duke to raise rates by 4.5 percent overall, increasing to 5 percent after two years.

<snip>

Duke initially sought about twice that much.
 
2013-08-02 01:39:47 PM

FormlessOne: KellyX: Some Coke Drinking Guy: They should have gone for a molten salt reactor instead.  Fraction of the cost, environmentally friendly, and can not melt down.  Only problem is that they can't make weapons grade material, and they only employ a fraction of the Union labor as a conventional reactor, which politicians who want to create a ton of jobs hate.

[i106.photobucket.com image 291x256]

I love that picture...


Feel free to use it... I only added text... ;)
 
2013-08-02 02:57:14 PM
Ahh, capitalism in 'Merica,,, so sweet!
A legal license to steal and nobody cares.
Is this a great country, or what!
 
2013-08-02 02:58:42 PM

Deathfrogg: Some Coke Drinking Guy: They should have gone for a molten salt reactor instead.  Fraction of the cost, environmentally friendly, and can not melt down.  Only problem is that they can't make weapons grade material, and they only employ a fraction of the Union labor as a conventional reactor, which politicians who want to create a ton of jobs hate.

The problem with Thorium Reactors is that the materials science doesn't exist yet.


That is hardly stopping the Clean Coal Express, now is it?
 
2013-08-02 03:25:48 PM
Bad enough Progress Energy bought FPL then Duke (sucks) got into the act now this.  Yea!  Let's hear it for monopolies!
 
2013-08-02 04:02:46 PM

Pangea: OldManDownDRoad: Floridians shouldn't feel lonely - Duke is pulling a similar stunt in NC after "merging" (actually, buying out) Progress Energy. They sold this to our credulous legislators/regulators as a cost-saving measure.

The rate hikes started before the ink on the agreement was even dry.

/glad I belong to a rural co-op


Tell me about it!



Yeah, it's a major screwing. I'm an NC native so I shouldn't be surprised at the corruption and crony capitalism coming out of Raleigh, but the Duke/Progress "merger" is the worst example of Ol' Boy politics since Marc Basnight was allowed to turn the Outer Banks into Myrtle Beach North.
 
2013-08-02 04:11:15 PM
"It's a very fair deal for ratepayers and the company," said J.R. Kelly, the state public counsel, who represents consumers before the PSC. "It's one I support 100 percent. My name is on it."

s2.postimg.org
 
2013-08-02 04:18:37 PM
Duke managed to pull similar shiat here in Indiana.  They bribed people at the IURC (Indiana Utility Regulatory Committee) and got fined and got a few people fired for their involvement.  However, their plan to pass the cost of building a coal gasification plant in the state on to all of the ratepayers here is still in place.  Indiana ratepayers are paying to build a plant WE DON'T NEED (and don't want unless you're a Duke employee/shareholder) which will send it's power to Duke's out of state customers.  Indiana produces more electricity than we use already.  Indiana is paying Duke to build a plant so they can have more power to sell in other states.  And somehow the people in charge here in Indiana seem to be okay with it.
 
2013-08-02 04:42:37 PM
This is what Florida wants for its Job Creators.

fark Florida.
 
2013-08-02 04:55:55 PM

hardinparamedic: Born_Again_Bavarian: I'm currently paying for a nuclear power plant under construction in Georgia.  I am not amused.

I'm currently paying for two wars in the Middle East, one of which nearly bankrupted our country. If I don't get to complain about that, you don't get to complain about nuclear power plants.


Good thing the two are equivilent and you're not just being obtuse.
 
2013-08-02 07:38:50 PM
Why do Florida stories even merit greenlighting anymore?

Can't Fark just post "Floriduh did something stupid again" each day, then let us use our imaginations?
 
2013-08-02 09:10:13 PM
And I can think of 1.5 billion reasons why politicians will do nothing to get rate payers the money back.
 
2013-08-02 09:32:39 PM
The rural co-op that provides us with power has a coal/natural gas generating station. A natgas pipeline was built about 2 miles from my house. It *should* provide all the gas to generate the power our community needs for years and years.
The co-op can switch from gas to coal, depending on which is least expensive.  It is a small operation and was paid for in advance by the co-op members.

I don't like nuclear. Lived near Turkey Point and then Arkansas Nuclear One for years...my husband says I glow a little bit at night.

/heh
 
2013-08-03 12:50:34 AM

TOSViolation: Why do Florida stories even merit greenlighting anymore?

Can't Fark just post "Floriduh did something stupid again" each day, then let us use our imaginations?


You imagination isn't capable of coming up with such farked-up shiat.
 
2013-08-03 07:12:49 AM
snocone

Ahh, capitalism in 'Merica,,, so sweet!
A legal license to steal and nobody cares.
Is this a great country, or what!

Well good thing we have the socialist democrat party looking out for us "little people"

FTA:
During the last legislative session, Sen. John Legg, R-Trinity, sponsored a bill that would have ended the advance fee if utilities failed to obtain a license from the Nuclear Regulatory Commission. He also pushed unsuccessfully to make utilities refund advance fee money to consumers if a project falls apart.


Oh wait..... Reality just checked in.
 
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