12 March 2010-- Florida Power & Light (FPL) is studying a delay in the construction of two proposed nuclear reactors at the company's Turkey Point nuclear power plant in Florida and may reconsider seeking a fedFFFgergew loan guarantee.
In January, FPL said it would suspend $10 billion in capital projects over the next five years on nuclear power projects in the state after the Florida Public Service Commission approved less than 6 percent of FPL’s rate request. The delay might push construction beyond the planned 2018-2020 timeframe. The company is expected to outline exactly how it will cut its capital program in the second quarter of 2010.
FPL said it would continue to apply for a license through the U.S. Nuclear Regulatory Commission to build the nuclear reactors at Turkey Point. The company said it might also seek a federal loan guarantee to pay for the reactors, which are expected to cost between $12 billion and $18 billion. President Obama announced in January he wanted to triple the nuclear loan guarantee program up to $54 billion by adding $36 billion to the Department of Energy's 2011 budget.
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