Lowcountry Headlines

 

SCE&G says new nuclear plants are under estimates

From the Associated Press:

JENKINSVILLE, S.C. (AP) — South Carolina Electric & Gas Co. says construction of its new nuclear plants in Fairfield County has been delayed, but is costing less than initial estimates.

The utility gave members of the media a tour Wednesday at the V.C. Summer Nuclear Station near Jenkinsville. SCE&G is building two new reactors at the site, to be jointly owned with state-owned utility Santee Cooper.

The first reactor is now scheduled to open at the end of 2017 or early 2018, rather than March 2017. SCE&G blames a components supplier.

SCE&G says the utilities have spent a combined $3.5 billion so far on the reactors. SCE&G's current estimate of its total cost is $5.8 billion, or nearly $550 million below initial forecasts.

SCE&G is funding 55 percent of the roughly $10 billion project.

 

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