Tuesday, November 21, 2017
Business

After Duke Energy seeks $54 million, Westinghouse responds with $512 million lawsuit

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As widely expected, Westinghouse Electric Co. filed a $512 million lawsuit against Duke Energy over the cancellation of the Levy County nuclear project.

In its complaint, Westinghouse states that Duke benefited from design and engineering work for which the utility refuses to pay.

The lawsuit, filed in U.S. District Court in Pennsylvania late Monday, came after Duke sued Westinghouse last week over the contract for the Levy nuclear plant – a proposed $24.7 billion project the utility canceled last August.

In its suit, Duke denied owing Westinghouse any money. The utility filed a claim for a refund of $54.1 million from Westinghouse for services that were never performed.

In Florida, Duke Energy customers already are paying $1.5 billion in their electric rates for the Levy project, though they will never see a kilowatt of power from the two reactors proposed at that site. If Westinghouse wins the case, it's not exactly clear who would end up paying the bill. Customers or shareholders, or a combination of the two, might have to pony up.

Westinghouse and Duke have declined to comment citing the pending litigation.

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