Duke Energy speeds up plan to demolish Crystal River nuclear plant
May 30, 2019 - Duke Energy plans to decommission its previously retired Crystal River nuclear plant by 2027 – nearly 50 years sooner than originally scheduled. Decommissioning a power plant involves removing, packaging and shipping radioactive materials to a licensed facility and then demolishing buildings. Duke (NYSE: DUK) has $717 million in a trust fund to pay for the decommissioning, a news release said. The plan is subject to regulatory approval. The Crystal River plant is about 85 miles north of Tampa.