Questions raised about Florida Progress nuke settlement

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The Southern Alliance for Clean Energy criticized a settlement agreement between Progress Energy Florida and consumer/business representatives, calling nuclear charges a 'nuclear tax scam.' SACE executive director Stephen A. Smith expressed concerns that the settlement would allow Progress to collect $350 million from customers for the Levy County nuclear project while also refunding $288 million in Crystal River replacement power costs. Smith warned the agreement could push Progress toward restarting the troubled Crystal River plant, risking further financial losses.