Duke seeks to borrow $1.4 billion for Crystal River plant

April 8, 2015 12:44 AM

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Duke Energy is seeking permission from the state to borrow $1.4 billion to pay off the cost of the closed Crystal River nuclear plant, saying it will save its customers money.

In a hearing on the plan Tuesday before the Senate Committee on Communications, Energy and Public Utilities, lawmakers gave preliminary approval to the plan, although they also expressed suspicion and anger at the power company, which has gone through controversies about its Florida operations.

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