Progress Energy to close coal plants after nukes come online listen12/18/08 Mitch E. Perry
WMNF Drive-Time News Thursday | Listen to this entire show:
Today Progress Energy CEO Jeff Lyash announced that his company has agreed to retire its oldest two coal-fire units at its Crystal River Energy Complex in Citrus County. The shutdown will occur after the new nuclear plant in nearby Levy County is completed.
Progress Energy says by removing the 2 units, it will be be the equivalent of removing more than 830,000 vehicles from Floridaâ€™s roads
Roy Brinkman is the Energy Issue Chair with the Sierra Club of Florida. He has mixed feelings about Progress announcement. Brinkman says the Sierra Club doesnâ€™t believe exchanging coal for nuclear power is a good exchange; another concern is the cost.
The St. Petersburg Times reports that CEO Jeff Lyash said Progress Energy intends to make $1.4-billion in pollution reduction investments to two other Crystal River coal plants between now and 2010.
But Brinkman says that move may be less altruistic than it appears.
Progress Energy is scheduled to raise energy bills 25 percent to pay for higher 2008 fuel costs and for early costs of the $17-billion nuclear project in Levy County. Recently some local bay area legislators been unsuccessful in their efforts to have Progress rescind the rate hikes.