Duke Energy is officially pulling the plug on proposed nuclear plants in Florida and North Carolina following the cancellation of one under-construction nuclear plant in South Carolina and the rising costs of another in Georgia. Instead, in Florida, the company says it will invest $6 billion in solar power and grid upgrades.
Duke said it was canceling the Lee nuclear project in North Carolina because of the bankruptcy of Westinghouse Electric. "Most notably, risks and uncertainties to initiating construction on the Lee Nuclear Project have become too great and cancellation of the project is the best option for customers," the company said in a news release.