After already spending $1 billion on it, Duke Energy announced Thursday the company was dropping plans to build a $24.7 billion nuclear reactor complex in Levy County, Fla., according to the New York Times.
Most of the $1 billion had been collected from customers, but it cited a change in Florida rules that the company said raised doubts on whether it would be allowed to collect from customers for the construction.
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Zoë Schlanger is Frontpage Editor at TPM. Zoë was a TPM intern in 2011, and prior to returning here she was editor in chief of NYU Local, the alternative independent student news site at NYU. Zoë has interned at places like the Nation, InsideClimate News, The Rachel Maddow Show and Gothamist. She can be reached at firstname.lastname@example.org.