Steam Generator
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Steam Generator
Progress Energy customers could be on hook as insurer hesitates on $2.5B payout (St. Petersburg Times)
**By Ivan Penn, Times Staff Writer**
Friday, January 13, 2012
Progress Energy already plans to stick its customers with a $670 million bill
for the botched upgrade to the Crystal River nuclear plant. Now those
customers have reason to fear that Progress will try to stick them again.
Why? Progress' oft-repeated contention that insurance will pay the rest of the
$2.5 billion repair bill looks increasingly shaky.
• The insurer, which goes by the acronym NEIL, already has stopped paying some
earlier claims on the construction accident, which shut down the plant in 2009
during replacement of a steam generator.
• NEIL has created a high-ranking committee to investigate whether the
accident was, as Progress contends, unforeseeable, unpredictable and
unpreventable.
• Now NEIL has delayed an expected decision on whether to pay Progress' claim
as its review continues.
That in turn has delayed a final decision on whether the plant ever reopens
...
steam generator