Dive Summary:
- Duke Energy said that a decision on the fate of the Crystal River nuclear power plant could be made as early as February 1.
- Duke CEO Jim Rogers has been quoted as saying that Feb. 1 was an "aspirational target" that is subject to change; officials had previously said that a decision wouldn't be made until this summer.
- As part of a settlement agreement, Duke said it would pay $100 million in refunds to customers in 2015 and 2016 since repairs didn't begin on the plant until the end of last year.
From the article:
The single-unit plant has been shut down since 2009 after cracks were found in the reactor’s containment building. Repairs are expected to cost up to $3.4 billion as a worst-case scenario, according to a report from Zapata in October. The costs of buying replacement power have exceeded the $490 million in insurance coverage, the article said. ...