Duke Energy's 'Pig in a Poke'
As Duke Energy (DUK) was about to finalize its merger with Progress Energy, Duke developed concerns that it may have bought "a pig in a poke." It appears that Duke was in receipt of new cost estimates to repair Progress' Crystal River Nuclear Power Plant, and it appears those estimates were worse than expected.
Crystal River is an 838-megawatt plant in Florida that uses pressurized water reactor (PWR) technology to produce steam. The plant was commissioned in 1976, and it's scheduled to retire in 2016, unless it receives a 20-year license extension from the Nuclear Regulatory Commission....634 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.