August 2, 2013

Duke Pulls Plug On Planned Nuclear Project in Florida



The downsizing of America’s  nuclear fleet appears to be accelerating.

Earlier today, Duke Energy, the largest U.S. utility company based in Charlotte, NC, said it would abandon the Levy nuclear reactor project in Florida.

“The Duke decision to pull the plug on Levy follows by just one day the announcement that the French-subsidized nuclear giant EDF is pulling out of the U.S. nuclear power market due to the inability of nuclear power to compete with alternatives and the dramatic reduction in demand growth caused by increasing efficiency of electricity consuming devices,” said Mark Cooper, senior fellow for economic analysis at Vermont Law School’s Institute for Energy and the Environment.