Hernando Montero's Palm Beach Post Weekly Column: Challenges Facing U.S. Nuclear Power

Monday, Aug 21, 2017

Hernando J. Montero
Director of Credit Analysis
Stoever Glass & Co., Inc.
Phone: (212) 952-1910
E: hmontero@stoeverglass.com

South Carolina Public Service Authority (Santee Cooper) and South Carolina Electric & Gas (SCE&G) parent SCANA have suspended construction on two nuclear reactors at South Carolina’s V.C. Summer Nuclear Station. Santee Cooper owns 45 percent of the project and SCE&G owns 55 percent. The reactors have cost the utilities approximately $9 billion and remain less than 40 percent built.

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