Title: Duke Energy to close Crystal River nuclear plant
Author: Associated Press
Date: February 5, 2013 at 12:38 p.m.
The largest U.S. electricity company said Tuesday it will permanently close a Florida nuclear power plant after botched repairs and use $835 million from an insurance settlement to refund consumers forced to pay for higher-cost replacement power.
Charlotte, N.C.-based Duke Energy said Tuesday it will close its Crystal River Nuclear Plant north of Tampa, starting a process that may take 60 years before the site is decontaminated and dismantled. [...]
“We believe the decision to retire the nuclear plant is in the best overall interests of our customers, investors, the state of Florida and our company,” Duke Energy Chairman and Chief Executive Jim Rogers said in a statement. [...]
Published: February 5th, 2013 at 1:48 pm ET