This was a deal for Units 2 and 3 at VC Summer.
I listened to all the hype as a licensed SRO at VC Summer Unit 1. My take was the state of SC was broke and could NOT afford it. The CEO was a total ignorant money counter who knew NOTHING about nuclear power and it's history of cost over runs. The present CEO of SCANA is not as big a fool as the previous one but he is also from a money counter. background.
When I left a few years ago, I sold ALL of my stock in SCANA. The stock did well for a while but I heard a few weeks ago when I was driving in Washington State that Santee Cooper was pulling out. My only question was what took them so long.
The rah rah presentations I attended with senior management cheerleading projected unit 2 on line I think in 2015 and unit 3 another year or two later. I am sure someone with deep pockets will come in and buy SCANA for pocket change in the future. When I was there, rumors were frequent that it was going to be DUKE. Now that SCANA management has run it into the ground, DUKE very well might get two AP1000 and an old 3 loop Westinghouse PWR.
This is the story. SCANA will continue with PSNC.
Santee Cooper will soon be absorbed. They don’t have the pockets of Duke or Scana.
I would not invest in Duke ATT.
Go to BofA.
Being from Southport and renting rooms to outage workers you'd think I'd have a better grasp of their native tongue. But some dialect is still locally specialized. d;^)