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No decision yet on crippled Progress Energy plant

Published on NewsOK Modified: January 7, 2013 at 4:24 pm •  Published: January 7, 2013

TALLAHASSEE, Fla. (AP) — The fate of a crippled nuclear power plant in north Florida will remain in limbo for weeks — and maybe months — to come.

A Progress Energy Florida official told state regulators Monday that the company is still unsure about whether it will repair or shut down the 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 in 2015 and 2016 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 summer, though 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 could take nearly three years and cost billions.

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