PrintPrintSouth Carolina Electric & Gas, which owns 55% of the reactor project, recently filed a quarterly update with the S.C. Public Service Commission that said 76 of 146 separate construction milestones have been reached.
Staff Report
Published Aug. 20, 2012
Construction of two reactor units at the V.C. Summer Nuclear Station appears to be on schedule and under budget, according to a quarterly report filed by South Carolina Electric & Gas.
SCE&G’s share of the construction cost is projected to reach $5.8 billion when the project is completed in 2018, compared with the initial forecast of $6.3 billion, according to the report filed with the S.C. Public Service Commission.
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“Inflation is moving in the right direction,” Boomhower said.
SCE&G, which owns 55% of the project, added that it has met all of the construction milestones approved by the commission.
SCE&G’s partner, state-operated Santee Cooper, is not regulated by the commission.
As of June 30, 76 construction milestones that were agreed to by the utility and commission have been met, said SCE&G, principal subsidiary of Cayce-based SCANA Corp. Overall, the project has 146 separate milestones.
The Nuclear Regulatory Commission on March 30 issued combined construction and operating licenses for the Units 2 and 3 at the Fairfield County nuclear plant. On April 4, the company received a 404 Wetlands Permit that cleared the way for work to begin on the reactor units.
Since that time, some 10,000 cubic yards of concrete have been poured for the Unit 2 nuclear island where major components will be located. Another 8,000 cubic yards have been poured for the Unit 2 turbine building.
The new 1,100-megawatt nuclear units are scheduled to go into service in March 2017 and May 2018, respectively. Unit 1, an existing 966-megawatt reactor, which the utilities jointly operate, has been in operation since 1984.
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