Nuclear Electric Insurance Limited (NEIL) will pay $835 million in claims to Progress Energy Florida, a subsidiary of Duke Energy, for repairs and power replacement costs stemming from the dormant Crystal River nuclear energy plant in Florida. The payout, under the terms of a mediator’s proposal, is the largest in NEIL’s history.
A team of litigation attorneys based in Pillsbury’s Washington, D.C. office advised Duke Energy. The team included partners Jack McKay, David Dekker, Melissa Lesmes and Michael McNamara.
