Florida Nuclear Reactor Plan Dropped After $1 Billion Already Spent

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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