Energy Cos. Want To Add To $92M Spent Fuel Award

Law360, Washington (December 12, 2011, 7:19 PM EST) -- Two Progress Energy Inc. units hit the government with a breach of contract complaint Monday alleging that it failed to pony up costs for spent nuclear fuel cleanup, months after their previous damage award was upped to nearly $92 million.

In June, Judge Thomas Wheeler of the U.S. Court of Federal Claims ruled that under a new model for calculating $82.8 million in damages the court originally awarded in 2007 for damages incurred through December 2005, Carolina Power & Light Co. and Florida Power Corp. were...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.