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.

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