The Levy County Nuclear Power Plant is a proposed nuclear power plant in Levy County, Florida. Progress Energy Florida originally estimated that the reactors would cost $5 billion and would commence operation in 2016. But it has become clear that the new Levy County reactors will not start operating for at least another decade, if ever.
Since Progress filed its application for the new plant in 2008 demand for electricity has been growing very slowly, and natural gas prices are now very low. The utility now estimates that the reactors will cost between $17 billion and $22 billion, not counting financing charges and cost overruns. According to economist Mark Cooper, opposition to the project has mounted, threatening a rerun of the 1970s and 1980s, when the majority of nuclear construction plans were canceled or abandoned.
Read more about Levy County Nuclear Power Plant: History, Reactor Data
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