Crystal River Power Plant Fate Still Undecided

TALLAHASSEE, Fla. (AP) _ Progress Energy is still undecided on whether to repair or shut down its crippled nuclear power plant in Crystal River.

That means that the state’s second-largest power company could have to refund customers $100 million under a prior settlement between the utility and consumer advocates.

That settlement calls for the refund if repairs had not begun by the end of 2012.

A lawyer for the utility company told state regulators Monday that Progress expects to have a decision about the plant by this coming summer – although he didn’t rule out an announcement before then.

The reactor has been down since late 2009 when its concrete containment building cracked during a maintenance and upgrade project.

Officials say fixing the plant would likely take several years and cost billions.

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News Talk Florida Staff