SCANA Corp. (SCG) Will Cease Construction of the Two New Nuclear Units at the V.C. Summer Nuclear Station
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South Carolina Electric & Gas Company To Cease Construction And Will File Plan Of Abandonment Of The New Nuclear Project
July 31, 2017 1:00 PM EDTCAYCE, S.C., July 31, 2017 /PRNewswire/ -- South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (SCANA) (NYSE: SCG), announced today that it will cease construction of the two new nuclear units (Units) at the V.C. Summer Nuclear Station in Jenkinsville, SC and will promptly file a petition with the Public Service Commission of South Carolina seeking approval of its abandonment plan. This decision was reached by SCE&G after considering the additional costs to complete the Units, the uncertainty regarding the availability of production tax credits for the... More
