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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

The plant's federal license is due to expire in three years, unless federal regulators approve an extension. Progress Energy Florida, a subsidiary of North Carolina-based Duke Energy, also must give state regulators its plans for the next 10 years by April.

Part of the fate of the plant is tied to ongoing negotiations between Progress Energy Florida and a national insurance carrier that covers utilities and energy companies. The utility company is seeking payment for part of the repair costs.

Suzanne Grant, a spokeswoman for the utility, said Monday that a final decision on the plant is contingent on several different factors.

"Ultimately we are going to make the decision that is best for our customers, shareholders and the state," Grant said.