As Duke Energy nears decision, SC nuke is on track - Charlotte Business Journal

John Downey

Senior Staff Writer- Charlotte Business Journal

The two units under construction at V.C. Summer Nuclear Station — which could add Duke Energy Corp. (NYSE:DUK) as a part owner this month — are on time and under budget, says a new report from South Carolina’s utility customer advocate.

Critics contend construction issues could still send costs rising. And they note “on time” now means up to 16 months later than originally planned, and “on budget’ includes $452 million in cost increases approved by S.C. regulators.