Westinghouse Electric Company has informed South Carolina Electric & Gas (SCE&G) that it estimates the additional cost of completing the two VC Summer AP1000 reactors to be about $1.5 billion. SCE&G parent Scana Corporation told the Public Service Commission (PSC) of South Carolina at an ex parte briefing held on 12 April that Westinghouse had publicly stated the additional costs associated with completing AP1000 projects at Summer and Vogtle, above what it could contractually require the project owners to pay, is about $4 billion. The amount is largely associated with the fixed and firm price option negotiated for the project to build the two AP1000 reactors.
World Nuclear News 19th April 2017 read more »