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Nuclear construction shutdown among options amid bankruptcy
Nuclear construction shutdown among options amid bankruptcy
COLUMBIA, S.C. (AP) — The head of a utility that's building two of the country's newest nuclear reactors told South Carolina regulators on Wednesday that abandoning the project is an option under consideration.
...Westinghouse, the U.S. nuclear unit of Japan's Toshiba Corp., filed for bankruptcy protection last month, calling into question the future of a number of multibillion-dollar nuclear projects, including the South Carolina site and a similar project at Plant Vogtle in eastern Georgia.
...SCANA's electric utility component, South Carolina Electric & Gas Co., owns 55 percent of the plant. For years, its customers have funded the reactor project through a series of rate hikes approved by state regulators. The state-owned utility Santee Cooper owns the other 45 percent, and it's unknown how ratepayers will be impacted by the Westinghouse bankruptcy.
...SCE&G has raised electric prices on its customers nearly 20 percent since 2009 to pay for the project, which is behind schedule and over the original projected cost....
https://apnews.com/d7e9f22936bb404287f8b883968a5867/Nuclear-construction-shutdown-among-options-amid-bankruptcy
COLUMBIA, S.C. (AP) — The head of a utility that's building two of the country's newest nuclear reactors told South Carolina regulators on Wednesday that abandoning the project is an option under consideration.
...Westinghouse, the U.S. nuclear unit of Japan's Toshiba Corp., filed for bankruptcy protection last month, calling into question the future of a number of multibillion-dollar nuclear projects, including the South Carolina site and a similar project at Plant Vogtle in eastern Georgia.
...SCANA's electric utility component, South Carolina Electric & Gas Co., owns 55 percent of the plant. For years, its customers have funded the reactor project through a series of rate hikes approved by state regulators. The state-owned utility Santee Cooper owns the other 45 percent, and it's unknown how ratepayers will be impacted by the Westinghouse bankruptcy.
...SCE&G has raised electric prices on its customers nearly 20 percent since 2009 to pay for the project, which is behind schedule and over the original projected cost....
https://apnews.com/d7e9f22936bb404287f8b883968a5867/Nuclear-construction-shutdown-among-options-amid-bankruptcy
See also: GA nuke plant soaking ratepayers - may never come online
https://www.democraticunderground.com/1127109633
