by Jon Sanders
Research Editor and Senior Fellow, Regulatory Studies, John Locke Foundation
A business columnist in Tampa Bay thanks the Florida legislature for making Florida rateplayers pay higher rates for nothing:
Hey, elected clowns! Thanks for passing a law forcing Duke Energy customers to pay up to $1.5 billion in higher rates for a long proposed nuclear power plant in Levy County that will not be built.
And no, Florida customers, you’re not getting any of that money back.
Read on, Lizzy. Find out about the nightmare of Construction Work in Progress (CWIP), and be chagrined to know that North Carolina has the same dangerous idea already on the books.