nuclear-news

Chrystal River nuclear plant’s financial mess

No decision yet on Crystal River nuclear plant
http://www2.tbo.com/news/business/2013/jan/07/no-decision-yet-on-crystal-river-nuclear-plant-ar-600253/
By The Associated Press  January 07, 2013 TALLAHASSEE —
Progress Energy is still undecided on whether to repair or shut down
its crippled nuclear power plant in Crystal River.

That means that the state’s second-largest power company could have to
refund customers $100 million under a prior settlement between the
utility and consumer advocates. That settlement calls for the refund
if repairs had not begun by the end of 2012.

A lawyer for the utility company told state regulators Monday that
Progress expects to have a decision about the plant by this summer –
although he didn’t rule out an announcement before then.

The reactor has been down since late 2009, when its concrete
containment building cracked during a maintenance and upgrade project.

Officials say fixing the plant would likely take several years and
cost billions.

January 8, 2013 - Posted by Christina Macpherson | business and costs, USA