The nation’s largest electric utility has doubled down on its position about investing in the failed expansion of the V.C. Summer Nuclear Station: It’s not. Financial analyst Shar Pourreza of Guggenheim Securities raised the question during a conference call with executives of Charlotte-based Duke Energy on Friday. He said he knew what the answer would be, but he decided to put Duke CEO Lynn Good “on the spot anyway because I know it’s been on investors’ minds.” “Is there any interest in a South Carolina nuclear plant or even expanding your footprint in the state, especially since you’re already very active there from an economic development standpoint? If you could just address this dead on, it’d be good,” he said. Good was adamant. “You know, Shar, we have no interest in the new nuclear plant in South Carolina and we’ve been clear about that,” she responded. “Given the risks and the uncertainties around completion of that plant, we don’t think there’s a fit either for customers or investors, and we’ve been very candid with the state about that.”
Post & Courier 7th Nov 2017 read more »
