Nuclear Regulatory Commission Issues New License for Levy Nuclear Plant

file

By Editors of Power Engineering

The Nuclear Regulatory Commission issued new operating licenses for a mothballed nuclear plant held by Duke Energy in Levy County, Florida.

However, Duke is unlikely to use the licenses immediately, as the licenses could be used to restart the project years later if the economics of nuclear power once again make sense to Duke, the Tampa Bay Times reported.

Progress Energy Florida, which is now Duke Energy Florida, submitted the application for the facility on July 30, 2008.

However, Duke Energy abandoned the facility three years ago, and the plant now faces a 60-year decommissioning process that could cost up to $1.2 billion. The radioactive spent fuel rods will remain on-site in sealed concrete casks until Duke and the federal government decide where to store them in the long-term.

Duke also closed the nearby Crystal River nuclear plant in Citrus County after a failed repair on the reactor vessel was deemed too expensive to fix.

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

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

A Traders Guide to Analysis and Research

An e-book dedicated to helping you improve your analysis by looking at RBOB futures performance. ...

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...