SCE&G, regulators discuss nuclear plant's future amid Westinghouse bankruptcy

Westinghouse Electric Co. has been building the reactors. That company declared bankruptcy last month

Content Dam Pennenergy Online Articles 2015 June Vc Summer Nuclear

COLUMBIA, S.C. (AP) — A utility that co-owns nuclear reactors under construction in South Carolina is set to explain to state regulators where the project stands following the bankruptcy of its contractor.

South Carolina Electric & Gas on Wednesday is explaining its take on the situation at the V.C. Summer Nuclear Station to the state's Public Service Commission, which oversees utilities.

SCE&G owns 55 percent of the plant. For years, SCE&G customers have been funding the new reactor project through a series of rate hikes approved by state regulators.

Westinghouse Electric Co. has been building the reactors. That company declared bankruptcy last month.

The state-owned utility Santee Cooper owns the other 45 percent.

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