PSC to get update on Progress Energy's nuke plant

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The state Public Service Commission has scheduled a Jan. 7 meeting to get updated information about Progress Energy Florida’s idled nuclear-power plant at Crystal River.

Progress has been studying whether to repair or permanently shut down the plant, which has not operated since 2009 because of cracks in a containment building. A consultant’s report this year said it would cost a minimum of $1.5 billion to repair the plant and that the amount could go as high as $3.43 billion in a “worst-case scenario.” Progress, the state Office of Public Counsel, the Florida Industrial Power Users Group and other customer organizations reached a settlement agreement early this year that dealt with the repair issue. That agreement, in part, offered financial incentives for Progress to start repair work by the end of 2012. But a company attorney informed the PSC in October that starting work during that time frame was unlikely.

Via the News Service of Florida.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.