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It would take a miracle to salvage South Carolina’s abandoned nuclear power projects

Kallanish Energy 24th Aug 2017, When South Carolina senators asked Tuesday what it would take to salvage
the V.C. Summer Nuclear project, utility executives involved replied a new
partner who could put at least $3 billion into the over-budget,
behind-schedule project.

The state’s customer advocate was a bit more cynical – and perhaps more truthful. “You are going to need probably
more than one partner. I don’t know if you can get one partner and I
don’t think one partner can do it,” said Dukes Scott, executive
director of the South Carolina Office of Regulatory Staff, the Charlotte
Business Journal newspaper reported.

“You are going to need a partner for (state-owned) Santee Cooper and you are going to need a partner for (South
Carolina Electric & Gas, SCE&G) … and we need a third and fourth partner
to come in to finish this plant.” Scott reminded the senators of the
decision involving energy giant Duke Energy made in the early 1980s to
abandon plans for the Cherokee Nuclear plant in Gaffney, S.C. He said he
was asked at that time what it would take to save Cherokee. “My answer
was a miracle,” he said, the Business Journal reported. “What I just
described is close to that.”  http://www.kallanishenergy.com/2017/08/24/enators-told-saving-nuclear-project-could-take-a-miracle/

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August 25, 2017 - Posted by | general

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