Tag Archives: Crystal River

Crystal River nuke still can’t get insurance payoff

Nobody wants to pay to fix Progress Energy's Crystal River nuke: not PGN, not its new owner Duke Energy, not Nuclear Electric Insurance Ltd. (NEIL). So maybe this nuke, only 160 miles from here, will be staying shut permanently? What say we do the same for the new nukes at Plant Vogtle, only 200 miles from here, before they even open?

John Downey wrote for the Charlotte Business Journal, Crystal River nuke plant stymies Duke Energy Utility facing penalties, high costs for repairs,

After two mediation sessions, Progress Energy Florida and its insurer haven't agreed how much of the potential repair costs for the utility's crippled Crystal River nuclear unit are covered.

It appears all but certain that Progress — a Duke Energy Corp. subsidiary — will have to pay millions of dollars as a penalty for failing to make a timely decision on whether to repair the plant.

Repair expenses have been calculated at between $1.5 billion and $3.4 billion, plus what it costs to buy power to replace what Crystal River would have produced while it is being repaired.

What kept shut Crystal River down from 2009 on was a concrete containment separation. Maybe those errors in pouring concrete at Plant Vogtle are Continue reading →

Florida Crystal River nuke down $5 billion?

Only 160 miles from here, the Crystal River nuclear reactor continues to run up a bad bill, maybe as much as $5 billion, and even other nuclear operators are reportedly starting to turn against it. Should we wait for the new nukes on the Savannah River to run up a bill that high before we cancel them?

Remember back in May?

Florida is already experiencing a likely future for the new Plant Vogtle nukes in Georgia: completion date pushed back, and customer charges raised.

Yep, that’s the one. And the bill keeps going up, as Ivan Penn wrote for the Tampa Bay Times 30 December 2012, Utilities nationwide could share the financial pain of the idled Crystal River nuclear plant,

The crippled Crystal River nuclear plant is now America’s headache.

The bill to fix it and pay for replacement power may top $5 billion. The problem?

The company that insures all 104 U.S. nuclear power plants has just $3.6 billion on hand to pay for claims.

Broken nuclear plants in California, Texas and Michigan will vie for some of that money. But Crystal River alone represents such a financial threat that the insurance company, Nuclear Electric Insurance Ltd., may demand that its member utilities pony up more money.

Is NEIL the guarantor on the bonds for the new nukes at Plant Vogtle? I think Southern Company was smarter (for SO, not for us) and got Congress to guarantee those. If so, Continue reading →

Nuclear reactors near here

If you think of nuclear reactors as something far away, or as much safer than Fukushima, you’re in for a surprise. The most notorious reactors are the ones not yet built, units 3 and 4 at Plant Vogtle near Augusta and their famous financial boondoggle. But others are closer, older, and more numerous than you may know.

Here’s a map by the Nuclear Regulatory Commission (NRC).

That map’s not clickable, so here’s a table, selected from an NRC table by distance from Valdosta:

NameOwnerWhereDistance
from
Valdosta
Hatch 1 & 2* SNOC 11 miles N of Baxley, GA 100 miles
Farley 1 & 2SNOC 18 miles SE of Dothan, AL 125 miles
Crystal River 3 PGN 80 miles N of Tampa, FL 160 miles
Vogtle 1 & 2 SNOC 26 miles SE of Augusta, GA 200 miles
Summer SCEG 26 miles NW of Columbia, SC 300 miles
Saint Lucie 1 & 2 FPL 10 miles SE of Ft. Pierce, FL 325 miles
Oconee 1,2,3 Duke 30 miles W of Greenville, SC 330 miles
Robinson 2 PGN 26 miles NW of Florence, SC 350 miles
Sequoya 1 & 2 TVA 16 miles NE of Chattanooga, TN 360 miles
Catawba 1 & 2 Duke 18 miles S of Charlotte, NC 390 miles
McGuire 1 & 2 Duke 17 miles N of Charlotte, NC 410 miles
Browns Ferry 1,2,3* TVA 32 miles W of Huntsville, AL 410 miles
Turkey Point 3 & 4 FPL 20 miles S of Miami, FL 440 miles
Brunswick 1 & 2* PGN 40 miles S of Wilmington, NC 480 miles
Waterford 3 Entergy 25 miles W of New Orleans, LA 495 miles
Shearon Harris 1 PGN 20 miles SW of Raleigh, NC 498 miles
* GE Mark I; Duke: Duke Energy Power Company, LLC; Entergy: Entergy Nuclear Operations, Inc.; FPL: Florida Power & Light Co.; PGN: Progress Energy; SCEG: South Carolina Electric & Gas Co.; SNOC: Southern Nuclear Operating Company; TVA: Tennessee Valley Authority

Five operating nuclear power reactors are closer to us Continue reading →