HeraldTribune.com. - The largest U.S. electricity company said Tuesday it will permanently close a Florida nuclear power plant after botched repairs and use $835 million from an insurance settlement to refund consumers forced to pay for higher-cost replacement power.
But Charlotte, N.C.-based Duke Energy also said it will seek to recoup from customers its $1.65 billion investment in the Crystal River Nuclear Plant, about 70 miles north of Tampa. The company said it is starting a closing process that may take 60 years before the nuclear site is decontaminated and dismantled and considering whether to build a new, natural-gas-fueled power plant to replace the power lost.
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