Thursday, October 4, 2012

SCE&G, critics wrangle over who pays for 2 new reactors at Jenkinsville - Business -

Challengers to a $283 million cost increase request by SCE&G said Wednesday the utility provider rushed into the $10 billion construction of two new reactors for its Jenkinsville plant amid ample cautionary signs to slow down or stop altogether.
SCE&G, the state’s largest utility, rejected those claims, declaring that nuclear energy production remains the long-term, most cost effective technology available to fulfill the state’s existing and future energy needs, especially given the utility’s recent coal plant phase-out and what SCANA chief Kevin Marsh said is the likelihood the price of natural gas won’t remain so low.

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