Duke Cancels the Lee Nuclear Project, Files for 13.6% Rate Increase

By [email protected] Duke Energy Carolinas announced today that it is abandoning plans to build the Lee Nuclear Station in light of the project’s principal designer and contractor declaring bankruptcy.

The decision was noted in a rate case filed with the North Carolina Utilities Commission on Friday morning, which seeks to increase revenues by around $647 million, or an average rate increase of 13.6 percent across all customer groups. The nuclear project cancellation proposal was filed separately.

Duke’s decision comes on the heels of SCANA Corp. and Santee Cooper abandoning construction on the $18 billion V.C. Summer expansion plan having already spent $9 billion on

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