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Duke-Progress merger puts restart of Florida reactor in doubt
Duke-Progress merger puts restart of Florida reactor in doubt
By Eileen O'Grady
Thu Jul 12, 2012 5:59am IST
(Reuters) - The likelihood that the damaged Crystal River nuclear reactor in Florida will produce another megawatt of electricity appears to have dimmed following the merger of owner, Progress Energy, with Duke Energy, and the surprise exit of Progress' top executive Bill Johnson, according to testimony by Duke's chief executive Jim Rogers this week.
...
On Tuesday, Duke's Rogers told a special hearing called by the North Carolina Utilities Commission to look into Johnson's unexpected departure that Duke's board members had lost confidence in Johnson's management style.
...Crystal River "is one area we had great concern about," Rogers said, citing insight gained from Duke director James Rhodes, the retired chief executive of the Institute of Nuclear Power Operations (INPO), a nuclear industry group that promotes safety and reliability.
Progress' Florida unit, the state's second largest utility, has been struggling since 2009 to return the 838-megawatt Crystal River reactor to service after cracks began to be found in the containment building's 42-inch thick walls.
A series of mistakes ...
By Eileen O'Grady
Thu Jul 12, 2012 5:59am IST
(Reuters) - The likelihood that the damaged Crystal River nuclear reactor in Florida will produce another megawatt of electricity appears to have dimmed following the merger of owner, Progress Energy, with Duke Energy, and the surprise exit of Progress' top executive Bill Johnson, according to testimony by Duke's chief executive Jim Rogers this week.
...
On Tuesday, Duke's Rogers told a special hearing called by the North Carolina Utilities Commission to look into Johnson's unexpected departure that Duke's board members had lost confidence in Johnson's management style.
...Crystal River "is one area we had great concern about," Rogers said, citing insight gained from Duke director James Rhodes, the retired chief executive of the Institute of Nuclear Power Operations (INPO), a nuclear industry group that promotes safety and reliability.
Progress' Florida unit, the state's second largest utility, has been struggling since 2009 to return the 838-megawatt Crystal River reactor to service after cracks began to be found in the containment building's 42-inch thick walls.
A series of mistakes ...
http://in.reuters.com/article/2012/07/12/us-utilities-nuclear-crystalriver-idINBRE86B00E20120712
See also:
Broken Crystal River nuclear plant is Duke Energy's problem now
By Ivan Penn, Times Staff Writer In Print: Sunday, July 8, 2012
It was a marriage proposal made in utility heaven: Progress Energy and Duke Energy joining to form the nation's biggest power company.
Then came the suspicions. Did Duke know everything it needed to about its partner-to-be? Was Progress holding back about its Florida nuclear troubles?
The marriage went forward last week, but with a major twist.
The merger agreement called for Bill Johnson, the head guy at Progress, to take over as CEO of the new Duke Energy. And on Monday, when the merger was completed, he did.
For not even a day.
Then ...
By Ivan Penn, Times Staff Writer In Print: Sunday, July 8, 2012
It was a marriage proposal made in utility heaven: Progress Energy and Duke Energy joining to form the nation's biggest power company.
Then came the suspicions. Did Duke know everything it needed to about its partner-to-be? Was Progress holding back about its Florida nuclear troubles?
The marriage went forward last week, but with a major twist.
The merger agreement called for Bill Johnson, the head guy at Progress, to take over as CEO of the new Duke Energy. And on Monday, when the merger was completed, he did.
For not even a day.
Then ...
http://www.tampabay.com/news/business/energy/broken-crystal-river-nuclear-plant-is-duke-energys-problem-now/1239145
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
no conflict of interest there 
Those two articles are very informative.
