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