Billions down the drain as new nuclear plants scrapped – East Bay Times – California News

Billions down the drain as new nuclear plants scrapped – East Bay Times – California News

COLUMBIA, S.C. — Billions of dollars spent on two new nuclear reactors in South Carolina went up in smoke Monday when the owners nixed plans to finish them after years of delays and cost overruns, dealing a severe blow to the industry’s future.

The reactors were set to be among the first built in the U.S. in decades. While the decision will save customers billions in additional costs, customers of the two utilities — Santee Cooper and South Carolina Electric & Gas — may get little to nothing refunded of the billions they’ve already paid for the now-abandoned project.

click here to read more.

Share this post

Post Comment