Turkey Point nuclear suspension
OPS_admin | Jan 14, 2010 | Comments 0
Florida Power and Light has suspended work on two new reactors at Turkey Point in an angry reaction to a decision by state regulators.
The company said it would immediately stop work on expanding the Turkey Point power plant, citing the “deteriorating regulatory and business environment” created by the Florida Public Service Commission. The nuclear project is one among $10 billion in investment that FPL said will now be cancelled.
PSC officials today rejected an FPL’s request to increase the rates charged to consumers – the way FPL had hoped to finance the investments. The company’s regulated base rate had not been reviewed since 1985, and although it has twice been allowed to begin collecting extra money to aid investment, a request to add a total of $1 billion to its income after 2011 was slashed by the PSC to just $75 million. “The decision was about politics, not economics,” said FPL Group chairman and CEO Lew Hay.
FPL will continue to work with the Nuclear Regulatory Commission to complete its licence application to build and operate two Westinghouse AP1000s, but has abadoned its ambition to build them by 2017 and 2019.
Full Story Turkey Point nuclear suspension.
Filed Under: Energy
Comments (0)
-
If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
LEGALIZE Democracy
" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
MOVE to AMEND
a project of the CAMPAIGN TO LEGALIZE Democracy
Help end Corporate personhood
-
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
moveon.org
