No decision yet by Progress Energy on crippled Fla. nuke plant

No decision yet by Progress Energy on crippled Fla. nuke plant

Bill Johnson, former CEO of Progress Energy

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by Associated Press

WCNC.com

Posted on January 7, 2013 at 1:58 PM

Updated Sunday, Nov 3 at 6:50 AM

TALLAHASSEE, Fla. (AP) -- Progress Energy is still undecided on whether to repair or shut down its crippled nuclear power plant in Crystal River. 

That means that the state's second-largest power company could have to refund customers $100 million under a prior settlement between the utility and consumer advocates. That settlement calls for the refund if repairs had not begun by the end of 2012. 

A lawyer for the utility company told state regulators Monday that Progress expects to have a decision about the plant by this coming summer - although he didn't rule out an announcement before then. 

The reactor has been down since late 2009 when its concrete containment building cracked during a maintenance and upgrade project.  

Officials say fixing the plant would likely take several years and cost billions.
 

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