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Progress Energy’s $17 billion nuclear project has been delayed by 20 months, but its customers will continue to pay for it in their monthly electric bills.
The utility wants to start charging customers nearly twice as much next year for the Levy County project even though it won’t start producing power until March 2018 at the earliest, the St. Petersburg utility announced Friday morning. The delay may also increase the price of the project, but the utility won’t know the details until later this year.
Jeff Lyash, president and chief executive of Progress Energy Florida, defended the utility’s decision to continue to charge customers for the plant. The investment will save customers money in the long run, he said. Without it, the project will likely fail.