nuclear-news

Cheaper for Duke Energy to close Crystal River nuclear plant

Rating agency thinks nuclear plant will be closed, Tampa Bay Times, By
Ivan Penn, Times Staff Writer, Jan 11, 2013 In its latest evaluation
of Duke Energy, the Fitch rating agency concludes this week that the
utility probably will permanently close the crippled Crystal River
nuclear plant.

In giving Duke a “stable” outlook, Fitch noted that a repair of the
Crystal River plant would pose too much of burden on Duke but shutting
it down would guarantee some protections provided by a settlement
agreement with the state.

“Fitch believes it is unlikely management will elect to repair Crystal
River 3 given the rising cost estimates, construction risks and low
gas-price environment, and instead will pursue the retirement option
and recovery of invested capital,” the rating agency stated…..
http://www.tampabay.com/news/business/energy/rating-agency-thinks-nuclear-plant-will-be-closed/1270052

January 12, 2013 - Posted by Christina Macpherson | business and costs, USA