A class-action lawsuit was filed against Duke Energy Florida and Florida Power & Light Co. alleging the monopoly electricity providers force millions of Florida customers to pay unlawful charges in connection with their electricity rates to fund the companies’ nuclear power plant projects, some of which have been abandoned. The suit … accuses Duke Energy Florida and FPL of overcharging through unconstitutional price hikes that increase customers’ electricity bills in order to fund nuclear construction costs.
Duke's Broken Nuke: Crystal River
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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?
In a move that flabbergasts its critics, Progress Energy Florida plans to spend more than $200 million of its customers’ money to upgrade the Crystal River nuclear power plant.
Duke officials aren’t saying what happened or why Johnson, so central to a merger 18 months in the planning, was hastily cast aside. But critics quickly connected the dots. They pointed to Progress Energy’s broken Crystal River nuclear plant and suggestions that Duke was unhappy to learn too late the extent of its troubles.
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.