nuclear-news

SRS Watch Photo of Nuclear Blank Check
From:
“Savannah River Site Watch For Immediate Release June 2, 2016

SCE&G Requests $852 Million Increase in Cost of VC Summer Nuclear Construction Project;

Whopping Cost Increase, Filed with S.C. Public Service Commission on May 2016, to Go on Top of 2015 Cost Increase; SCE&G to File Soon for Annual Nuclear Rate Hike

Columbia, SC – The current cost for the construction of two new nuclear reactors by South Carolina Electric & Gas (SCE&G) has jumped a stunning $852 million, according to a request filed with the South Carolina Public Service Commission (SC PSC) on May 26, 2016, (See filing linked in “notes” below.)

The filing made by SCE&G states that “the capital cost estimate for which the Company seeks Commission approval in this proceeding is $6.8 billion in 2007 dollars and $7.7 billion with escalation.”

As SCE&G is now a…