Regulators hold hearing on SC nuke project amid bankruptcy


Associated Press

COLUMBIA, S.C. (AP) – The head of a utility that co-owns nuclear reactors under construction in South Carolina says options following its contractor’s bankruptcy include abandoning the project altogether.

SCANA Corp. CEO Kevin Marsh told regulators on the Public Service Commission Wednesday that total shutdown of the project at the V.C. Summer Nuclear Station is last on his list of options, which also includes continuing one or both reactors.

Westinghouse Electric Co., which has been building the reactors, declared bankruptcy last month.

SCANA’s electric utility component, South Carolina Electric & Gas Co., owns 55 percent of the plant near Columbia. 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.

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