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Duke ends Levy County nuke

No nukes in Levy County, Florida, Duke Energy just announced, six months after it terminated Crystal River 3.

Terminating the engineering, procurement and construction (EPC) agreement for the Levy nuclear project.

Duke is also going to write off $295 million in investments in already-closed Crystal River 3 “and $65 million related to the wholesale allocation of investments in the Levy nuclear project, as well as accelerate the recovery of $135 million in cash flows related to CR3.” In other words, Duke still wants somebody else to pay for part of Crystal River 3’s debts. But Crystal River 3 and Levy County 1 and 2 will never be built.

Duke PR today, Duke Energy reaches revised multi-year settlement with Florida consumer advocates, Continue reading