Florida Administrative Code › 25 - PUBLIC SERVICE COMMISSION › 25 - Departmental › Chapter 25-6 - ELECTRIC SERVICE BY ELECTRIC PUBLIC UTILITIES › Part III - GENERAL MANAGEMENT REQUIREMENTS › Section 25-6.0423 - Nuclear or Integrated Gasification Combined Cycle Power Plant Cost Recovery

Current through Reg. 50, No. 138; July 16, 2024
(1) Purpose. The
				  purpose of this rule is to establish alternative cost recovery mechanisms for
				  the recovery of costs incurred in the siting, design, licensing, and
				  construction of nuclear or integrated gasification combined cycle power plants
				  in order to promote electric utility investment in nuclear or integrated
				  gasification combined cycle power plants and allow for the recovery in rates of
				  all such prudently incurred costs.
(2) Definitions. As used in this rule, the
				  following definitions shall apply:
(a)
				  "Nuclear power plant" is an electrical power plant which utilizes nuclear
				  materials as fuel.
(b) "Integrated
				  gasification combined cycle power plant" is an electrical power plant which
				  uses synthesis gas produced by integrated gasification technology, as defined
				  in Sections  403.503(14)  and
				   366.93(1)(c),
				  F.S.
(c) "Power plant" or "plant"
				  means a nuclear power plant or an integrated gasification combined cycle power
				  plant.
(d) "Cost" includes, but is
				  not limited to, all capital investments including rate of return, any
				  applicable taxes and all expenses, including operation and maintenance
				  expenses, related to or resulting from the siting, licensing, design,
				  construction, or operation of the nuclear power plant, including new, expanded,
				  or relocated electrical transmission lines or facilities of any size which are
				  necessary thereto, or of the integrated gasification combined cycle power plant
				  as defined in Section
				   366.93(1)(a),
				  F.S.
(e) "Site selection." A site
				  will be deemed to be selected upon the filing of a petition for a determination
				  of need for a nuclear or integrated gasification combined cycle power plant
				  pursuant to Section  403.519, F.S.
(f) "Site selection costs" are costs that are
				  expended prior to the selection of a site.
(g) "Pre-construction costs" are costs that
				  are expended after a site has been selected in preparation for the construction
				  of a nuclear or integrated gasification combined cycle power plant, incurred up
				  to and including the date the utility completes site clearing work.
(h) Site selection costs and pre-construction
				  costs include, but are not limited to: any and all costs associated with
				  preparing, reviewing and defending a Combined Operating License application for
				  a nuclear power plant; costs associated with site and technology selection;
				  costs of engineering, designing, and permitting the nuclear or integrated
				  gasification combined cycle power plant; costs of clearing, grading, and
				  excavation; and costs of on-site construction facilities (i.e., construction
				  offices, warehouses, etc.).
(i)
				  "Construction costs" are costs that are expended to construct the nuclear or
				  integrated gasification combined cycle power plant including, but not limited
				  to, the costs of constructing power plant buildings and all associated
				  permanent structures, equipment and systems.
(j) "Carrying Costs" shall be calculated
				  using the utility's most recently approved pretax allowance for funds used
				  during construction (AFUDC) rate at the time an increment of cost recovery is
				  sought.