S.C. utility votes to stop building $16B V.C. Summer nuclear expansion

Santee Cooper's board has voted to stop construction at the proposed V.C. Summer Nuclear Station expansion, but customers could remain on the hook up to $9 billion already spent on the project. S.C. Electric & Gas, which owns the project along with Santee Cooper, is expected to follow suit, since it cannot build the project, whose costs have ballooned past $16 billion, alone. The board of SCE&G parent SCANA Corp. is also expected to meet today and act on the project. Santee Cooper’s board acted…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/07/31/s-c-utility-votes-to-stop-building-16b-v-c-summer.html?ana=RSS%26s=article_search