Duke Energy (DUK) finally decides to retire its Crystal River Nuclear Plant in Florida, which...

|About: Duke Energy Corporation (DUK)|By:, SA News Editor

Duke Energy (DUK) finally decides to retire its Crystal River Nuclear Plant in Florida, which has been offline for over three years after a crack occurred in the outer layer of the containment building's concrete wall. Duke is considering building a natural-gas plant to replace Crystal River. The utility will receive $530M from its insurer, which will also pay customers $835M, adding to the $305M it has already dished out to them.