News - MSN Money
News - MSN Money: "September 22, 2006 03:28 PM ET
Progress Asks to Up Nuclear Plant Output
Associated Press
All Associated Press News
TALLAHASSEE, Fla. (AP) - Progress Energy Inc. subsidiary Progress Energy Florida said Friday it wants state electric regulators to let the company boost power output at its Crystal River nuclear plant, which the company said will save customers money.
The company said increasing the gross output at the plant to 1,080 megawatts would allow it to serve 110,700 more homes.
Raising the amount of electricity generated with nuclear energy can reduce the use of other, more expensive fuels, which could mean more than $2 billion in savings over the next 30 years, Progress Energy said.
The move must be approved by the state Public Service Commission.
The plan is unrelated to the Progress's hopes to build a new nuclear plant in Florida. The company, the second largest electric utility in the state, continues to search for a site for that project.
Progress has about 1.6 million customers in Florida, mostly in the Tampa Bay area and the Orlando suburbs.
Shares of parent Progress Energy rose 16 cents to $43.51 in afternoon trading on the New York Stock Exchange."
Progress Asks to Up Nuclear Plant Output
Associated Press
All Associated Press News
TALLAHASSEE, Fla. (AP) - Progress Energy Inc. subsidiary Progress Energy Florida said Friday it wants state electric regulators to let the company boost power output at its Crystal River nuclear plant, which the company said will save customers money.
The company said increasing the gross output at the plant to 1,080 megawatts would allow it to serve 110,700 more homes.
Raising the amount of electricity generated with nuclear energy can reduce the use of other, more expensive fuels, which could mean more than $2 billion in savings over the next 30 years, Progress Energy said.
The move must be approved by the state Public Service Commission.
The plan is unrelated to the Progress's hopes to build a new nuclear plant in Florida. The company, the second largest electric utility in the state, continues to search for a site for that project.
Progress has about 1.6 million customers in Florida, mostly in the Tampa Bay area and the Orlando suburbs.
Shares of parent Progress Energy rose 16 cents to $43.51 in afternoon trading on the New York Stock Exchange."
posted by Greta Jane at Sunday, September 24, 2006
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