What We Know: Why the Nuclear Reactors Were Abandoned

How will the decision to abandon the nuclear reactor project affect the public.

FAIRFIIELD COUNTY, SC (WLTX) - The abandonment of the several billion dollar nuclear plant project in Fairfield county has shocked some. Others are not surprised.

The project has been in doubt since Westinghouse filed for bankruptcy back in early March, which left SCE&G and Santee Cooper with the costs.

Related Coverage: SCE&G, Santee Cooper Abandon Nuclear Plant

The two companies helped filed applications back in 2008 to prepare for construction but the completion date has been set back several times.

Mollie Gore with Santee Cooper says this decision was made to help their customers.

"This was a difficult decision, and you know it's disappointing, but the bottom line really is after Westinghouse's bankruptcy, this has become too expensive to put on our customers," said Gore.

The news has been a shock for some but others like Tom Clements predicted it.

"It's absolutely no surprise that this project has been halted," said Clements.

Clements is a senior advisor with Friends of the Earth and he saw this coming when the project first started.

"I'm not really happy that it's been shut down because the rate payers are going to have to be hit with massive costs overruns now," said Clements.

Last week Toshiba, the parent company of Westinghouse, agreed to pay $2.2 billion dollars that will be split between the companies.

"That money will go to offset for the need of new debt and to bring stabilization to rates so we do plan to use that money to offset costs that we've already incurred. We'll also start looking at other options for recovering costs and/or bringing in an additional revenue to benefit customers," said Gore.

Santee Cooper says that in the agreement, they plan on protecting the property of the construction sight until further plans are made.

SCE&G is scheduled to discuss their decision with the public service commission Tuesday.

© 2017 WLTX-TV


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