nuclear-news

Utility consultant: SCE&G ignored ‘stop signs’ about failed nuclear project, Greenville News,Tom Barton, The State Nov. 13, 2018SCE&G ignored numerous warning signs before walking away from a failed $9 billion nuclear expansion project, an industry consultant told the S.C. Public Service Commission on Monday.

“Let me be blunt: You have a utility that bet the farm and lost,” Scott Rubin, an independent utility consultant and attorney from Pennsylvania, testified Monday on behalf of AARP South Carolina. “By the end of this year, customers will have paid $2.2 billion for absolutely nothing — not a single watt of electricity.”

Rubin’s testimony came on the eighth day of PSC hearings into the failed effort by SCE&G, a SCANA subsidiary, to build two nuclear reactors in Fairfield County. The commission also is considering SCE&G’s future electric rates and a proposal by Richmond-based Dominion Energy to buy its parent, Cayce-based SCANA.

At stake is who will pay for that failed project — SCE&G’s customers, SCANA’s shareholders or both — and how big the future power bills will be for SCE&G’s roughly 730,000 electric customers. …..https://www.greenvilleonline.com/story/news/2018/11/13/utility-consultant-sce-g-ignored-stop-signs-nuclear-project/1988385002/