V.C. Summer

More News and Commentary

U.S. Utilities, in Old-School Expansion Spree, Put Customers on the Hook for $40 Billion in Risk

Charleston Post and Courier: Over the past decade, state legislatures across the country rewrote rule books for how power companies pay for new power plants, shifting financial risks away from electric companies to you and everyone else. This rule change ignited a bonfire of risky spending — $40 billion so far on new power plants […]

December 11, 2017 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 →

On the Blogs: Energy Companies in Georgia and South Carolina ‘Whistling in the Dark’ on Nuclear Energy Debacles

Wamsted on Energy: The nuclear morass that has ensnared utility executives, state regulators, and legislators in South Carolina and Georgia shows no signs of easing its grip. Southern is set to decide soon whether its Georgia Power subsidiary will seek to complete Vogtle 3 & 4 even though the total cost for the much-delayed nuclear […]

August 30, 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 →

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 →