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Scana releases power generator design-build costs

The Post and Courier
Thursday, August 28, 2008


Scana Corp. said it and Santee Cooper will pay $6.4 billion to the companies hired to design and build two proposed nuclear power generators in the Midlands.

Scana, parent of South Carolina Electric & Gas Co., had said previously that the value of that contract was confidential information. In a document filed Thursday with the Securities and Exchange Commission, the Columbia-based investor-owned utility said it has since changed its mind.

The two contractors on the 1,117-megawatt nuclear expansion are Westinghouse Electric Co. and Stone & Webster Inc. The total cost of the project is estimated to be $9.8 billion, with SCE&G paying $5.4 billion and state-owned Santee Cooper paying $4.4 billion.

The new units would be built on the site of the V.C. Summer Nuclear Station near Jenkinsville. SCE&G owns two-thirds of the existing 966-megawatt plant. Santee Cooper owns the rest.

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