SCANA Corp.’s 30-day agreement with Westinghouse Electric Co. that allows work to continue at the $16 billion V.C. Summer nuclear project expires today. But SCANA executives say they are confident that they can get a 60-day extension before time runs out. Meanwhile, work at the site continues to go more slowly than expected, adding to the chronic delays that have driven up the project’s price tag. And SCANA (NYSE:SCG) says it is watching efforts in Congress to extend production tax credits for nuclear plants. SCANA concedes that if they are not extended, it would make it difficult to continue with the project.
Charlotte Business Journal 28th April 2017 read more »
The “30-day window which ends imminently” on the fate of Westinghouse’s US nuclear power plant projects is “critical” to the national interest and to the interest of the industry as a whole, Dan Lipman of the Nuclear Energy Institute (NEI) has told the World Nuclear Fuel Cycle (WNFC) conference in Toronto, Canada. Westinghouse said it would no longer spend money on the Summer and Vogtle projects, but reached an agreement with the utilities involved to allow them to pay costs during a 30-day interim period.
World Nuclear News 28th April 2017 read more »