- Associated Press - Tuesday, June 14, 2016

COLUMBIA, S.C. (AP) - South Carolina Electric and Gas is asking state regulators for another $850 million as it builds two nuclear reactors in Fairfield County.

The State newspaper reported (https://bit.ly/237158r) the Columbia utility says this request could be enough to finish the reactors at the V.C. Summer Nuclear Station in Jenkinsville.

Critics say if the Public Service Commission approves the request, the utility’s 700,000 customers will face more rate increases.

SCE&G; says its contract with a new construction company essentially “fixes” the reactors’ cost. Utility spokesman Eric Boomhower says the new contract limits the risk of future increases.

A state agency that represents the public must make a recommendation on the latest request by Sept. 1.

The new cost of the project is about $14 billion. The original estimate was about $10 billion.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide