Duke Energy to cancel proposed Levy County nuclear plant, Fasano says [View all]

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Source: Tampa Bay Times

Duke Energy will kill the $24.7 billion nuclear plant it planned to build in Levy County, according to state Rep. Mike Fasano.

"It's my understanding from a very good source that Duke Energy will announce after the close of the markets today that they will not be building the nuclear power plants in Levy County," said Fasano, R-New Port Richey.

Duke spokesman Sterling Ivey told the Tampa Bay Times the utility is issuing a press release about an announcement at 4:15 this afternoon.

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Under a controversial Florida law, consumers have been paying for Levy in advance of construction. Legislators promised the "advance fee'' would get nuclear projects built both faster and cheaper.

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Read more: http://www.tampabay.com/news/business/energy/duke-energy-to-cancel-proposed-levy-county-nuclear-plant-fasano-says/2134287