Duke to Halt New Florida Reactors in Settlement Deal
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Duke Energy Corp. will halt plans to build a new nuclear plant in Florida and seek to recover as much as $1.47 billion in costs associated with a shuttered reactor in the state under a settlement with regulatory staff.
Duke will record a $360 million pretax cost from the settlement in the second quarter, the Charlotte, North Carolina-based company said in a statement today. The agreement is subject to review by and approval from the Florida Public Service Commission.