Week in Review

Scana Corp. and Santee Cooper would pay $6.4 billion to the companies hired to design and build two new nuclear reactors in the Midlands.

Scana, the parent of South Carolina Electric & Gas Co., had said previously that the value of that contract was confidential. In a filing last week with the Securities and Exchange Commission, the Columbia-based utility said it changed its mind. The two contractors hired to oversee the design and construction of the 1,117-megawatt nuclear expansion are Westinghouse Electric Co. and Stone & Webster Inc. The total cost of the proposed project is unchanged from previous estimates at $9.8 billion, with SCE&G paying $5.4 billion and state-owned utility Santee Cooper footing the remaining $4.4 billion.

Odessa bankruptcy

A Mount Pleasant firm that provides property management services to more than two dozen local homeowner associations has filed for bankruptcy protection after some of its real estate investments soured. Odessa Group LLC, which does business as Odessa Companies, filed for reorganization with the U.S. Bankruptcy Court on Tuesday. Court filings show the company has about $417,000 in liabilities, almost double the value of its assets. Most of the company's debt is owed to banks, according to court documents. Odessa offers an array of real estate-related services, but its main business is homeowner regime and property management.

Airport upgrade due

Terminal-to-plane walkways at Charleston International Airport will get a multimillion-dollar overhaul, thanks to a federal grant. Officials said the Federal Aviation Administration awarded the Charleston County Aviation Authority a $2.6 million grant to improve its 10 passenger boarding bridges. The aviation authority will pay 5 percent of the cost, while the FAA will pay the remaining 95 percent. The airport's existing terminal was built in 1985. A spokeswoman said its passenger boarding bridges have been refurbished but never improved.

Firm to reorganize

Two Mount Pleasant elder-care providers were placed under bankruptcy protection last week after the company that controls them defaulted on a $58 million loan. The 38-bed Sweetgrass Court Memory Care Community and the 85-bed Sweetgrass Village Assisted Living Community remain open. They were among 10 elder-care centers that sought bankruptcy protection in Tennessee last week in an effort to buy time to reorganize. The centers were bought less than two years ago by 10 companies owned by Senior Living Properties II, which is managed by Jon M. Harder, chief executive of Sunwest Management Inc.