FL S1392

Proposes constitutional amendment creating Article X, Section 28 to prohibit electric utilities from recovering costs of new power plants in customer rates until the plant begins commercial operation.

Defines "electric utility" to include municipal electric utilities, investor-owned electric utilities, and rural electric cooperatives that own, maintain, or operate generation, transmission, or distribution systems in Florida.

Defines "cost" to include capital investments, rate of return, applicable taxes, and all expenses related to siting, licensing, design, or construction of a power plant.

Requires submission of the amendment to Florida voters for approval at the next general election or an earlier special election authorized by law.