Duke Energy sues Westinghouse over nuclear power plant contract

Duke Energy sued Westinghouse over a canceled nuclear power project in Florida.

According to the Charlotte Observer, Duke Energy said it paid Westinghouse $54.1 million for work that was never performed before the utility suspended plans for the Levy County nuclear plant. Westinghouse was to provide two AP1000 nuclear reactors for the project.

Westinghouse claims that Duke Energy owes the company nearly $482 million in contract termination costs, the article said. Duke said it has paid $65 million and owes nothing more.

Duke Energy announced in August 2013 that it canceled its engineering, procurement and construction agreement for the plant and put it on hold indefinitely due to licensing delays. It said in filings with the Florida Public Service Commission that it would write off $65 million related to investments in the project.

Both companies agreed that either side could end the agreement is the NRC didn’t grant a construction and operating license by January 1 of this year, according to the article. Duke Energy canceled the contract in late January, and no license was granted.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs