Dive Summary:

• Florida’s Public Service Commission has set an October 30 hearing to talk about Progress Energy Florida’s pending decision to repair or shut down the Crystal River nuclear plant, while has been idle since 2009.
• The status update hearing comes just before Progress’ parent company, Duke Energy, is set to enter negotiations with its insurance company about paying for repairs to the plant.
• If the decision is made to fix the plant, the utility must begin work by the end of the year under a previous agreement or be forced to refund $100 million to its customers for the purchase of replacement power.

From the article:

The state Public Service Commission plans to discuss Progress Energy Florida's pending decision to repair or shut down the broken Crystal River nuclear plant at a hearing Oct. 30.

The status update comes just before Progress' parent company, Duke Energy, is scheduled to hold its quarterly investor call Nov. 8 and as the utility is set to enter negotiations with its insurance company about paying for repairs to the nuclear plant. ...