America’s biggest energy company has announced that it will not be moving forward with a $24 nuclear power project in central Florida.
Delays in licensing of new plants by the Nuclear Regulatory Commission and doubts about cost recovery are believed to have led to the decision, however, Duke Energy said it may still use the site for nuclear energy generation in the future.
Duke Energy provides electricity to approximately 1.7 million customers in Florida.
Alex Glenn, President of Duke Energy’s utility operations said, “We continue to believe that a balanced energy portfolio, including renewable energy, energy efficiency and state-of-the-art cleaner power plants are critical to securing Florida’s energy future.”
The US Government announced funding worth $3.5 million for four advanced nuclear reactor projects in the country earlier this month.