Proposed Levy nuclear plant could have joint owners

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By Pat Faherty

Special to the Citizen

When its retirement came, the Crystal River nuclear plant had 10 owners, with Duke Energy the majority holder. A similar arrangement could be used for the planned Levy County nuclear plant.

Having a share of the Crystal River nuclear plant, even as small as the .04 percent owned by the city of Bushnell, carried an obligation to maintain a decommissioning trust fund, according to the participation agreement.

Just as multiple smaller partners were included in the ownership of CR3, as the now-closed nuclear plant is known, a similar joint ownership has been considered for the Levy plant. That project has an estimated cost of between $19 billion and $24 billion and has a tentative in-service date of 2024 for the first unit, with the second unit following 18 months later.

Early in planning for the proposed Levy plant, Progress Energy Florida estimated decommissioning costs at $747 million. 

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