Under a settlement agreement reached on Jan. 20, the state of Florida will cease to oppose Progress Energy's plans to proceed with roughly $1 billion in repair work at its damaged Crystal River Nuclear Unit 3 in return for millions of dollars in refunds to customers and restrictions on funding for a proposed $20-billion nuclear plant.

Progress Energy will be encouraged to repair the multi-million dollar damage at its Crystal River nuclear unit 3 as soon as possible, and terminate its engineering, procurement and construction contract with Shaw and Westinghouse for a new nuclear plant under a global settlement reached by the Florida’s office of Public Counsel, Progress Energy and other parties on Jan. 20.