rburris@thestate.comJanuary 27, 2014SCE&G will buy an additional 5 percent ownership stake from partner Santee Cooper in the two new nuclear reactors under construction at the V.C. Summer Nuclear Station in Jenkinsville, north of Columbia, the utility said Monday.
The roughly $500 million purchase, approved by the Santee Cooper Board of Directors, gives S.C. Electric & Gas a 60 percent ownership stake in the two new reactors and reduces Santee Cooper’s ownership to 40 percent. The price tag for the project to build the two reactors is about $10 billion.
The roughly $500 million purchase, approved by the Santee Cooper Board of Directors, gives S.C. Electric & Gas a 60 percent ownership stake in the two new reactors and reduces Santee Cooper’s ownership to 40 percent. The price tag for the project to build the two reactors is about $10 billion.
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