Duke Energy Corp. wants to continue laying the groundwork for a planned $11 billion nuclear power plant in South Carolina.
The company is asking regulators with the North Carolina Utilities Commission to let it spend up to $459 million in development costs for the 2,234 MW Lee nuclear power plant. Regulators in South Carolina will also take a look at a later date, according to the Associated Press.
The company wants to invest an additional $287 million through 2013, when Duke expects to receive the construction license for the plant. They have already spent $172 million.
Proposed legislation in North Carolina would allow utilities to add nuclear power plant financing costs to electricity rates, even if the plant is never completed. Duke Energy said that unless lawmakers change the law on assessing consumers, the company would not be able to follow through with the Lee construction, the article said.
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