Duke Energy to seek $1.65 billion from Florida customers for its failed nuclear plant

February 5, 2013 by legitgov

Duke Energy to seek $1.65 billion from Florida customers for its failed nuclear plant 05 Feb 2013 Duke Energy Corp., the largest U.S. utility owner, will permanently shut its Crystal River nuclear power plant in Florida after deciding the risks and costs associated with repairing it outweighed the benefits. Duke will seek $1.65 billion from Florida customers for its failed investments in the reactor, the Charlotte, North Carolina-based company said in a filing today. The cost recovery can begin in 2017 and last 20 years under a settlement approved by state regulators [sic] last year. The 860-megawatt reactor has been shut since 2009, when a crack was discovered while it was being refueled and its steam generator replaced. More cracks occurred in 2011 when the company was trying to repair the damage. [WHY do ratepayers have to fund these corpora-terrorists' environmental time bombs? Start reading.]