V.C. Summer

More News and Commentary

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 →

South Carolina Seeks a Means to Revive Abandoned Multi-Billion-Dollar Nuclear Project

Wall Street Journal: The state of South Carolina is scrambling to salvage a nuclear plant in construction after an energy firm abandoned the project. Last week, Scana Corp. said it would walk away from its project to build two nuclear reactors in tiny town of Jenkinsville—after nine years and $10.4 billion spent. “The move left […]

August 8, 2017 Read More →

Vogtle, Kemper, V.C. Summer: ‘Is the Era of the Utility Megaproject Over?’

E&E News: Vogtle. Kemper. V.C. Summer. A decade ago, this trio of sprawling power projects signaled the next wave of cleaner baseload energy that would keep air conditioners and the economy humming in the fast-growing Southeast. Now, all three have become a symbols of broken promises and busted budgets — a narrative capped by Monday’s […]

August 4, 2017 Read More →

Ratepayers, Burned by Abandoned South Carolina Nuclear Project, May Have to Pay Even More for It

Associated Press: The abandonment of two multibillion-dollar reactors that South Carolinians have been funding since 2009 have legislators on Wednesday calling for an overhaul in how utility projects are reviewed. The “catastrophic” end of the project at V.C. Summer Nuclear Station shows the current regulatory process doesn’t adequately protect residents or the state as a […]

August 2, 2017 Read More →
IEEFA Update: The U.S. Nuclear Project Cancellation Announcement Heard ’Round the World

IEEFA Update: The U.S. Nuclear Project Cancellation Announcement Heard ’Round the World

Reverberations in Decision on V.C. Summer Project; Similar Reactor Construction in Georgia Is at Risk; Implications for India's Ambitions

Hindsight being 20/20, it’s clear that the developers of the V.C. Summer nuclear-energy project in South Carolina had no choice but to pull the plug on the project, as they announced yesterday they had done. Reasonable foresight would have better served ratepayers of South Carolina Electric & Gas Co. as well those of Santee Cooper, […]