- When former and now once again Duke Energy CEO Jim Rogers testified before the North Carolina Utilities Commission, he said Progress Energy's Crystal River nuclear station and its long outage were one reason directors reneged on having Progress CEO Bill Johnson run the companies when they merged.
- Crystal River, rated at 860 MW, shut down in 2009 when Progress began a project to replace its steam generators.
- The project, managed by the utility itself, began at $81 million and ballooned to estimates of more than $1 billion.
From the article:
As the state of North Carolina widens its probe into utility Duke Energy’s surprise ouster of its just-named CEO, officials there and in Florida are increasing their scrutiny of a problem-laden repair of a now-idled nuclear powerplant owned by acquired utility Progress Energy as a factor in the boardroom coup. ...
