Duke Energy will not build two new nuclear reactors at a site near Orlando under the terms of a settlement announced Thursday. The new site in Levy County is near the company’s troubled Crystal River nuclear facility, which is set for retirement.
The news is not all good, however. As the Orlando Sentinel reported today:
Duke said it will continue to seek a federal license and expects the NRC to award it in late 2014 or early 2015, as it decides whether to eventually build on the site.
The final blows for the Levy County site were delays and rising cost:
The two plants were originally planned for completion in 2016, but last year the utility, then still known as Progress Energy Florida, said the still-empty site wouldn’t start producing power until at least 2024 and would cost between $19 billion and $24 billion.