Cost To Fix Crystal River Nuclear Plant Could Hit $3.43B, Take 8 Years

"Fixing the botched repairs at the Crystal River nuclear plant north of Tampa Bay could cost nearly $3.5 billion and take eight years, in a worst-case scenario."

"So says an independent review of repair options by Charlotte, N.C., consultant Zapata Inc. commissioned by Duke Energy during its recent merger with Progress Energy, which owns the Crystal River plant. In an SEC filing Monday, Progress Energy Florida said it supplied Zapata's report on the Crystal River plant to Florida regulators. The company maintains that no decision has been made on whether to fix Crystal River or to retire the unit.

Progress Energy took the Crystal River nuclear plant offline in fall 2009 for an upgrade and maintenance project. The project included replacing the plant's old steam generators. "

The Tampa Bay Times had the story October 2, 2012, from staff and wire reports.

Source: Tampa Bay Times, 10/03/2012