End of nuclear project prompts overhaul of review process

The abandonment of two multibillion-dollar reactors that South Carolinians have been funding since 2009 have legislators calling for an overhaul in how utility projects are reviewed

COLUMBIA, S.C. (AP) — South Carolina legislators are calling for an overhaul in the review of utility projects following the abandonment of two nuclear reactors residents have been funding since 2009.

A bipartisan group of legislators are announcing Wednesday the creation of an energy caucus.

Rep. James Smith says the “catastrophic” end of the project north of Columbia shows the current regulatory process doesn’t adequately protect South Carolinians.

The project’s owners, SCE&G and state-owned Santee Cooper, decided Monday to end construction following the bankruptcy filing of its main contractor.

The project accounts for 18 percent of SCE&G’s and more than 8 percent of Santee Cooper’s residential electric bills.

A 2007 state law allows electric utilities to collect money from customers to finance a project before it generates power and recoup costs even if it’s never operational.

First Published August 2, 2017 12:00 AM

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