When utilities capture the legislature — a warning from Florida

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.

Jon Sanders / Director of Regulatory Studies

Jon Sanders studies regulatory policy, a veritable kudzu of invasive government and unintended consequences. As director of regulatory studies at the John Locke Foundation, Jo...

Reader Comments