Political Ramifications Expected From Abandonment of Nuclear Reactor Project

Aug 4, 2017

This week’s momentous decision by South Carolina Electric and Gas Company and Santee Cooper to abandon a project to build two, new nuclear reactors after spending billions of dollars, could cause economic and political ramifications for the state that could last years.

It is believed that the final price tag for the project could have ended end up being $25 Billion. It’s original projected cost was $10 Billion. 

Monday’s announcements stunned the state.  State regulators complained they were blindsided, and about five thousand workers at the VC Summer site north of Columbia were out of work with no notice