SCE&G should scrap the expansion of its V.C. Summer nuclear project before ratepayers are hit with higher monthly power bills from the investor-owned utility, a report released Tuesday says. The 21-page report by Vermont Law School economist Mark Cooper blasted the project as unnecessary at a time when energy demand is down and renewable energy sources are an increasingly viable way to meet customer demands. SCE&G’s project, being constructed jointly with state-owned Santee Cooper, has been most recently estimated to cost about $14 billion, but could rise above $20 billion, by some accounts. It already is at least $2.5 billion over budget and about three years behind schedule. Cooper said power companies should cut their losses and walk away from an effort that he said was a mistake from the start. The V.C. Summer expansion project is about one-third complete.
The State 18th July 2017 read more »