Climate Changed
For Sale: Two Half-Finished Nuclear Reactors (Never Used)
- Scana dropped plans to build reactors in South Carolina
- Utility open to potential buyers in India, U.K., China
Construction on the V.C. SummerNuclear Station on Sept. 21, 2016.
Photographer: Chuck Burton/AP PhotoThis article is for subscribers only.
Looking to buy two half-finished nuclear reactors? It may be your lucky day.
U.S. utility owner Scana Corp. dropped a plan to build two reactors at the V.C. Summer power plant in South Carolina on Monday after the projected total costs exceeded $20 billion. The cancelation of the project is another blow to the much-hyped (and thus far non-existent) nuclear renaissance in the U.S. As cheap natural gas squeezes the margins of nuclear generators, there’s only one company currently building reactors in the country -- Southern Co., at its Vogtle plant in Georgia.