Progress Energy says plan to fix nuclear plant coming soon

Progress Energy says plan to fix nuclear plant coming soon

by Lee Gliddon

Progress Energy plans to release by the end of the month its engineering proposal to repair the Crystal River nuclear plant. But the utility cannot yet answer a far bigger question: Where will it get the $1.3 billion to actually fix the facility?
Bill Johnson, Progress Energy's president and chief executive, said during a quarterly conference call with investors Thursday that he is "very confident that we will start (repairs) by the end of the year, if the decision is to repair.''