S.C. regulators ‘blindsided’ by ‘devastating’ decision to abandon V.C. Summer expansion

S.C. Electric & Gas says its preferred option of completing just one of the two proposed reactors at the V.C. Summer Nuclear Station would cost $12.9 billion. That would be less than the $14 billion fixed-price commitment the SCANA Corp. (NYSE:SCG) got approved by regulators more than a year ago, and so SCE&G considered it a reasonable option. But project partner Santee Cooper nixed the idea, voting Monday to proceed with neither of the two units. SCANA was unable to find any other utility willing…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/08/02/s-c-regulators-blindsided-by-devastating-decision.html?ana=RSS%26s=article_search