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South Carolina utilities said on Monday they are abandoning two unfinished reactors that were hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns. The twin-reactor project known as V.C. Summer is majority owned by SCANA Corp, with state-owned utility Santee Cooper owning 45 percent. "We arrived at this very difficult but necessary decision following months of evaluating the project from all perspectives to determine the most prudent path forward," said SCANA Chief Executive Officer Kevin Marsh in a statement.
Original Article: Utilities ditch reactors that launched U.S. nuclear renaissanceNEXT ARTICLE