In other words they try to get out of their obligations by appearing to be generous. No Nuke has been built in the U.S. in 40 years because they are financial death traps. It takes a “modernizing” economy to support such a massive waste of time and money. And of course ignore safety concerns when regulation is lax. Now they want to give away a partially built plant. What the hell is North Carolina gonna do with that?
Utility offers abandoned S.C. nuclear site to Santee Cooper
COLUMBIA — The parent company of South Carolina Electric & Gas Co. is offering the site of a failed nuclear reactor project to the state-owned utility Santee Cooper.
SCANA has proposed giving the Fairfield County site to Santee Cooper so the project could be preserved and perhaps finished at some point in the future, The State newspaper reported.
SCE&G and Santee Cooper abandoned their joint effort July 31 after spending more than $9 billion, both blaming the failure on the bankruptcy by principal contractor Westinghouse. SCE&G customers have been charged nearly $2 billion toward interest on the company’s debt, via a series of rate hikes since 2009, without any power being generated.
Go there and read the scam. More next week.