Climate Changed
Two Half-Finished Nuclear Reactors Scrapped as Costs Balloon
- Scana to seek approval from state regulators to drop project
- Scana CEO had said abandonment was least preferred option
Construction on the V.C. Summer Nuclear Station on Sept. 21, 2016. Photographer: Chuck Burton/AP Photo
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One of two nuclear power projects under construction in the U.S. was scrapped after one of the co-owners said halting work would save customers almost $7 billion.
The future of the two half-finished reactors in South Carolina, plagued by years of delays and billions in cost overruns, was thrown into uncertainty by the bankruptcy of nuclear-plant builder Westinghouse Electric Co. Scana Corp., which has a 55 percent stake in the project, said it will ask the Public Service Commission of South Carolina to approve its abandonment plan, according to a statement on Monday.