Duke Energy Cancels Plans For New Nuclear Plant

Duke Energy has dropped plans for a $24.7 billion nuclear reactor complex in Levy County, Florida, on which the company has already spent $1 billion, most of it collected from customers.  The company cited “regulatory uncertainty” after a change in Florida's rules that cast doubt on whether a utility can collect money from customers for construction work before a project is finished.  The project was started by Progress Energy in 2008, and was acquired by Duke when it merged with Progress Energy last year.  (NYT, 8/1/2013)