(Source: Datamonitor)
The South Carolina Electric & Gas Company, the principal subsidiary of Scana, has received approval from the South Carolina Public Service Commission on its plans to build two 1,117MW nuclear power generating units at the site of the VC Summer nuclear station, near Jenkinsville, South Carolina.
The South Carolina Electric & Gas Company (SCE&G) and Santee Cooper, a state-owned electric and water utility in South Carolina, will be joint owners and share operating costs and generating output of the new units; with SCE&G accounting for 55% of the cost and output, and Santee Cooper the remaining 45%.
SCE&G will operate the plants. The companies, which also co-own the existing 966MW VC Summer plant, plan to bring the first new unit on line in 2016, and the second in 2019. Total projected cost to build the two units is $9.8 billion and SCE&G's share of that total is $5.4 billion.
The project is still subject to approval by the Nuclear Regulatory Commission (NRC). The companies submitted an application with the NRC in March 2008 for a combined construction and operating license.
Following a multi-year review process, the NRC could issue the combined license in 2011. The new units will be designed and built by the Westinghouse Electric Company, and a subsidiary of The Shaw Group, Stone & Webster.
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