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Duke’s Broken Nuke: Crystal River

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Duke’s Report on Costly Repair of Florida Nuclear Plant Reinforces NC WARN’s Call to Reopen Merger Hearings – News Release from NC WARN

Tuesday’s revelation that repair of the broken Crystal River nuclear plant will cost up to $3.4 billion – far higher than Progress Energy had claimed during its merger with Duke Energy – comes as little surprise. The riveting question now for the NC Utilities Commission is: Did Duke know this before the merger closed on July 2, but withhold it because its impacts on NC ratepayers could derail the merger?

See Zapata Engineering’s review summary

Merger could hinge on secret Duke Energy study on broken Progress nuclear plant – Note to Editors

NC WARN today received information from an unnamed source claiming to represent Duke Energy shareholders who want out of the Duke-Progress merger.

Duke-Progress merger could be scotched by backroom deal on new nuclear plant and billions in cost of broken plant – News Release from NC WARN

Watchdog group will urge North Carolina regulators to reject any SC effort to hitch merger approval to Duke’s investment in problematic nuclear project.

Progress Energy BREAKS nuclear plant – price tag $2.5 billion and rising

Progress Energy can congratulate itself for skirting major controversy at its three nuclear plants in the Carolinas in recent years. But 700 miles south of here, the Raleigh-based utility’s nuclear plant in Florida is experiencing one of the most exorbitant and bewildering mishaps in the history of the nation’s nuclear industry.

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