South Carolina

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Dominion SCANA Deal Begs Question: What’s Next For Santee Cooper?

The Post and Courier: Dominion Energy delivered a blockbuster offer to buy SCANA Corp. on Wednesday in the wake of South Carolina’s failed nuclear project, pitching a $14.6 billion deal that would be among the largest in state history. The offer from the Virginia-based utility giant, which SCANA has accepted, vowed to deliver lower electric […]

January 5, 2018 Read More →

Merger Deal Between Dominion and SCANA Would Write Off $1.7 Billion for Failed Nuclear Plant

Utility Dive: Dive Brief: Dominion Energy and SCANA Corp. have agreed to an all-stock merger that company officials say will lower customer rates and help unwind financial obligations related to the abandoned V.C. Summer nuclear project.  SCANA shareholders would receive 0.669 shares of Dominion stock for every share of SCANA — or $55.35/share, a 28% premium on Tuesday’s closing […]

January 3, 2018 Read More →
IEEFA Update: More Questions on U.K. Nuclear Project

IEEFA Update: More Questions on U.K. Nuclear Project

Concerns Grow That Hinkley Point C Is an Overpriced Mistake

Two of the U.K.’s main public-spending watchdogs have now criticized the government’s deal with French utility giant EDF to support completion of a new nuclear power plant, only just stopping short of saying the deal was an outright mistake. The critiques highlight the risk in failing to heed the falling cost of renewables and serve as […]

November 29, 2017 Read More →

Op-Ed: ‘The South’s Legacy of Abandoned Nuclear Reactors’

The (Columbia, S.C.) State: The South’s long, messy nuclear history is a catalog of modest successes and epic failures. Sadly, the V.C. Summer project shutdown is nothing new for the South. It has happened at least 22 times since the 1970s. Some plants existed merely as blueprints, while others were canceled mid-construction. Across the region, […]

November 6, 2017 Read More →

New Details on Abandoned V.C. Summer Nuclear Project Show Its Developers ‘Papered Over’ Problems While They Charged Ratepayers Billions

Louisville Courier-Journal: Nine years into their effort to build two new nuclear reactors, SCANA and Santee Cooper officials were confronted this summer with a painful reality: billions of dollars from ratepayers had taken them only so far. Newly-obtained emails, letters and other documents show: Finishing the project would require at least 23 million man hours […]

September 11, 2017 Read More →

Long-Secret Report Shows How Utility Knew 18 Months in Advance of Multibillion-Dollar Nuclear Plant ‘Fiasco’ It Wants Its Customers to Pay For

(Columbia, S.C.) State: S.C. lawmakers Tuesday urged state regulators to block SCE&G from charging its customers any more for the failed V.C. Summer nuclear project, a day after the release of a report that diagnosed critical problems at the construction site about 18 months before its abandonment. That report, completed by Bechtel Corp. in February […]

September 6, 2017 Read More →

Duke Energy Asks Customers to Foot Bill for $646 Million Loss as Another U.S. Nuclear Project Is Abandoned

Charlotte Observer: Duke Energy said it plans to abandon construction of a nuclear station near Gaffney, S.C., and that it wants customers to pay about $636 million for the scrapped project. Charlotte-based Duke requested Friday that state regulators allow cancellation of its Lee nuclear station, citing in part this year’s bankruptcy filing by nuclear-reactor supplier […]

August 28, 2017 Read More →

South Carolina Study Concludes Agriculture and Solar Industries are Complementary

Southeast Energy News: Building on an April analysis from the North Carolina Sustainable Energy Association and the state’s agricultural agency, the latest study finds that less than a third of 1 percent of North Carolina’s 4.75 million acres of cropland now houses solar panels – belying criticisms that large-scale solar arrays are threatening the state’s […]

August 28, 2017 Read More →

South Carolina Utility Expects Customers Will Pay $2.2 Billion for Company’s Abandoned Nuclear Project

Charleston Post and Courier: South Carolina Electric & Gas isn’t sure when it will move forward with a plan to charge customers for its scuttled nuclear construction project, but executives made clear to investors that the power company would do so eventually. Kevin Marsh, the chief executive of SCE&G parent SCANA Corp., told Wall Street […]

August 17, 2017 Read More →

Editorial: The Solar Pocketbook

Aiken (S.C.) Standard: MTU America flipped the switch last Wednesday in celebration of its new solar panel field in Graniteville. To create the solar panel field, MTU America collaborated with Sol America, SCE&G, the South Carolina Department of Transportation, Key Equipment Finance and Aiken County. They were praised by S.C. Gov. Henry McMaster for working […]

August 16, 2017 Read More →