NEWS: Will S.C.’s new reactors melt down like roads, pensions?

By Bill Davis, senior editor | There are several “nightmare scenarios” swirling around two incomplete and incredibly expensive nuclear reactors being built in the Midlands in Jenkinsville and what damage they could do to ratepayers’ wallets.

The ongoing work on the reactors, a joint effort of Santee Cooper and SCE&G, at the V.C. Sumner facility appears to be over budget and behind schedule, according to company documents.

But what’s more concerning to many is that the company building the reactors, Westinghouse, filed for Chapter 11 bankruptcy protection in the face of what may be billions of dollars of corporate losses. Westinghouse’s parent company, Japan’s Toshiba, has promised an unknown amount of money to help guarantee completion, according to published reports.

by · 04/21/2017 · News