Duke Energy shelves major nuclear project in Florida

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Duke Energy announced it will not proceed with a $24 billion nuclear power project in Levy County, Florida, citing licensing delays and cost recovery concerns. Stephen A. Smith, executive director of Southern Alliance for Clean Energy, praised the decision as the right choice for Florida consumers, noting the project's skyrocketing costs. The company plans to pursue natural gas-fired power generation instead while keeping the site as a potential option for future nuclear generation.