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Suzanne Grant

Duke Energy applies for $1.3B in bonds to cut Crystal River costs

in The Bay and the 'Burg/Top Headlines by

Duke Energy is asking the Florida Public Service Commission for permission to issue $1.3 billion worth of a type of securitized bond, which will help reduce charges to consumers for shutting down the mothballed Crystal River nuclear plant. John Downey of the Charlotte Business Journal reports the request is for a new bond approved by state lawmakers in 2015 for reducing Crystal River costs. The move could save Duke’s Florida customers about $790 million over the next two decades. The…

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