New Projects, Reactors, Waste Management & Decommissioning

Duke seeks funds for Levy County nuclear project

Duke Energy Florida (NYSE: DUK) has asked regulators to approve an increase in special nuclear charges to Florida customers in order to fund construction of two new reactors near Orlando in addition to covering costs associated with the now defunct Crystal River nuclear plant, the Orlando Sentinel reports.

In total Duke hopes to raise $106 million to fund the new build and $68.6 million in Crystal River costs. If approved, the proposal would increase Florida power customers’ nuclear charges from $4.73 monthly to $5.62. Such charges have been highly controversial in Florida, in particular those associated with the Crystal River plant, a project Duke itself opted to abandon after a spate of construction troubles.

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