Duke Energy has received permission from the Nuclear Regulatory Commission (NRC) to transfer the license for its retired Crystal River nuclear plant to a company that will move forward with the plant’s decommissioning process.
If all regulatory approvals are received, Accelerated Decommissioning Partners (ADP) is expected to begin decommissioning work later this year and finish up in 2027.
Duke spokeswoman Heather Danenhower said this move is good news for the residents of Citrus County.
First, the fixed-price contract with ADP to do the work will lock in today’s prices, providing Duke’s customers financial protection and transfers the costs and schedule risks of the project to ADP, she said.
Danenhower said it also allows for faster restoration and redevelopment of the nuclear plant property for Duke Energy’s reuse one day and a potential opportunity to return most of the unused trust fund dollars back to customers sooner than the 60-year decommissioning model.
The company has not yet determined how it might repurpose the property, but has no plans to sell it.
“This is a positive step forward in the process to accelerate the decommissioning of the Crystal River Nuclear Plant by nearly 50 years,” Danenhower said.
Duke Energy submitted the license transfer application to the NRC in June 2019 and requested approval from the Florida Public Service Commission in July.
For more information about the plant’s decommissioning, visit duke-energy.com/CR3.