Get the free Nuclear Cost Recovery Clause - psc state fl

FILED MAR 02, 2015 DOCUMENT NO. 0122615 FPS COMMISSION CLERK BEFORE THE FLORIDA PUBLIC SERVICE COMMISSION In re: Nuclear Cost Recovery Clause Docket No. 150009EI Submitted for Filing: March 2, 2015,

How to fill out nuclear cost recovery clause

How to fill out nuclear cost recovery clause:

1. Review the specific regulations and guidelines set forth by your jurisdiction. Each jurisdiction may have different requirements for filling out a nuclear cost recovery clause, so it is important to familiarize yourself with the applicable regulations.
2. Identify the purpose and scope of the nuclear cost recovery clause. Determine the specific costs that the clause aims to recover, such as the expenses associated with the construction, operation, and maintenance of a nuclear facility.
3. Outline the specific parameters for cost recovery in your clause. Clearly define the eligible costs that can be included in the recovery process, as well as any limitations or exclusions that may apply.
4. Determine the timeline for cost recovery. Establish the duration over which the recovery will occur, whether it is a fixed period or an ongoing process. Additionally, consider any proposed mechanisms for adjusting the recovery amount over time, such as inflation adjustments.
5. Define the methodology for calculating the recovery amount. Depending on the jurisdiction, this may involve using a predetermined formula, conducting periodic audits, or considering the input of regulatory authorities.
6. Include provisions for the review and approval of cost recovery filings. Specify the process by which the cost recovery filings will be examined, reviewed, and potentially approved or modified by the relevant regulatory bodies.
7. Provide instructions for reporting and documentation. Define the necessary documentation that must accompany the cost recovery filings, such as detailed financial statements and supporting evidence for incurred costs.
8. Consider public, stakeholder, and consumer involvement. Determine whether there is a requirement for public hearings, opportunities for stakeholder input, or provisions for consumer protection and transparency in the cost recovery process.

Who needs nuclear cost recovery clause:

1. Utility companies operating nuclear facilities: Utility companies that own and operate nuclear power plants or other nuclear facilities may need a nuclear cost recovery clause as a means to recoup eligible costs incurred during the construction, operation, and maintenance of the facility.
2. Regulators and government authorities: Regulatory bodies and government authorities responsible for overseeing the energy sector may require nuclear cost recovery clauses to ensure that the recovery of costs associated with nuclear facilities follows established guidelines and regulations.
3. Ratepayers and consumers: Ratepayers and consumers of electricity may have an interest in the presence of a nuclear cost recovery clause as it can impact their electricity rates. The inclusion of this clause may provide transparency and accountability in the cost recovery process, ensuring that the costs are allocated fairly among consumers.

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What is nuclear cost recovery clause?

The nuclear cost recovery clause is a regulatory mechanism that allows utilities to recover the costs associated with the construction, operation, and maintenance of nuclear power plants.

Who is required to file nuclear cost recovery clause?

Utilities that operate nuclear power plants are required to file the nuclear cost recovery clause with the appropriate regulatory agencies.

How to fill out nuclear cost recovery clause?

To fill out the nuclear cost recovery clause, utilities must provide detailed information on the costs incurred for the construction, operation, and maintenance of nuclear power plants.

What is the purpose of nuclear cost recovery clause?

The purpose of the nuclear cost recovery clause is to ensure that utilities are able to recover the costs associated with nuclear power plants and maintain financial stability.

What information must be reported on nuclear cost recovery clause?

Utilities must report detailed information on the costs incurred for the construction, operation, and maintenance of nuclear power plants, as well as the expected recovery of these costs through the clause.