Dive Summary:

• Repairing Duke Energy’s Crystal River nuclear unit could cost more than $3 billion and take eight years, according to an independent review of repair options commissioned by Duke.
• Crystal River has been inoperational for several months as a faulty reactor was discovered during the final weeks of Duke’s merger with Progress Energy; the plant is currently in the early stages of a mandatory three-year shutdown.
• Zapata handled the estimates and said that it should cost about $1.49 billion, but worst-case repair scenarios could cost up to $3.43 billion over eight years.

From the article:

Returning the damaged CrystalRiver nuclear unit in Florida to service could cost $3 billion and take eight years, according to an independent review of repair options commissioned by Duke Energy as it pursued a merger with Progress Energy earlier this year, the utility said in a filing Monday. ...