Plan for New Nuclear Plant Dropped, Public Still Pays

By Andrea Germanos / Common Dreams · Earth First! Newswire

In this mention

Duke Energy announced the cancellation of its planned Levy County, Florida nuclear plant, but customers will continue paying for the abandoned project. Southern Alliance for Clean Energy documented how cost estimates ballooned from $5 billion in 2007 to over $20 billion, while the timeline slipped from 2015-16 to 2025. Florida ratepayers have already paid $1.5 billion and will continue paying through 2017 and potentially $1.466 billion over 20 years in ongoing costs.

cost estimates for the Levy plant were $5 billion in 2007 but later skyrocketed over 400 percent, while the start date listed in 2007 was for 2015-16, but got pushed back as late as 2025
SACE

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