Wilmington HotelsWilmington AdvertiseWilmington AttractionsWilmington BeachesWilmington Business DirectoryWilmingtonWilmingtonWilmington GolfWilmington JobsWilmington NewsWilmington DiningWilmington Weather



Wilmington, NC News

  Free Wilmington Travel Guide!

Advocates to fight against NC law on nuclear costs

CHARLOTTE, N.C. (AP) – Consumer, environmental and energy advocates say they’ll fight a potential North Carolina law change allowing Duke Energy to more easily pass costs of a new nuclear plant to customers.

The Charlotte Observer reports Duke Energy wants lawmakers to allow it to recoup nuclear pre-construction costs faster. The Charlotte-based utility instead wants to adjust electric rates annually to recover those nuclear plant costs as South Carolina, Georgia and Florida already allow.

A coalition of 12 groups including AARP North Carolina and the North Carolina Housing Coalition opposes that. Critics say the practice shifts risks to building a plant onto consumers before it starts generating power and even if the project gets canceled.

Duke Energy says the change would avoid sharp rate increases once nuclear plants are completed.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

More: continued here

Be Sociable, Share!


News provided by WWAY NewsChannel 3 and the StarNewsOnline

|Home| |Events| |Attractions| |Accommodations| |Restaurants| |Golf| |Beaches| |Jobs| |Getting Here| |Climate| |Directory| |News| |Advertise| |Contact Us|

  Welcome to Wilmington, North Carolina