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Florida: Nuclear Plant Dispute
Views: 668
Dec 24 2016 02:20 PM | eds in Non-Renewable
U.S. District Judge Max Cogburn Jr. said,
. . . Duke energy, was cleared of paying Westinghouse Electric Co.,
. . . $352 million tab in nuclear plant dispute, and is only required to pay,
. . . $30 million termination fee, and about
. . . $4.25 million in interest.
Duke said in 2013,
. . . that it was shelving plans to build the Levy County project,
. . . which had been started by predecessor company Progress Energy,
. . . before a merger.
The project was controversial, at least in part,
. . . because of a 2006 state law, that allowed the utility,
. . . to collect pre-construction costs from customers each year,
. . . without any guarantee the reactors would be built.
12-24-2016 Source: Florida: Nuclear Plant dispute
. . . Duke energy, was cleared of paying Westinghouse Electric Co.,
. . . $352 million tab in nuclear plant dispute, and is only required to pay,
. . . $30 million termination fee, and about
. . . $4.25 million in interest.
Duke said in 2013,
. . . that it was shelving plans to build the Levy County project,
. . . which had been started by predecessor company Progress Energy,
. . . before a merger.
The project was controversial, at least in part,
. . . because of a 2006 state law, that allowed the utility,
. . . to collect pre-construction costs from customers each year,
. . . without any guarantee the reactors would be built.
12-24-2016 Source: Florida: Nuclear Plant dispute
