Summer nuclear power expansion to cost $6.8bn, finish in 2019 & 2020
South Carolina Electric & Gas Co., a subsidiary of SCANA Corp. (NYSE: SCG), filed a petition seeking approval to update the construction milestone and the capital cost schedule for two new reactors at the V.C. Summer nuclear plant in South Carolina.
The updated filing was necessary as several project milestone dates previously approved by the state Public Service Commission have exceeded their allowable contingency time periods. The construction schedule reflected in the petition indicates a substantial completion date for Unit 2 of June 2019 and Unit 3 of June 2020 based upon information from the consortium of Westinghouse Electric and Chicago Bridge & Iron (CB&I, NYSE: CBI).
