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.
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