SCANA (NYSE: SCG) told the South Carolina Public Service Commission Feb. 13 that its construction of V.C. Summer Units 2 and 3 is advancing well and staying within budget.
“Spending through December 31, 2012, in current dollars is forecasted to be approximately $150 million below the capital cost schedule approved in Order No. 2012-884,” SCANA subsidiary South Carolina Electric & Gas (SCE&G) said in the report. The nuclear plant construction update was also filed with the Securities & Exchange Commission (SEC).
The report also said that the deadline for certain work projects has been delayed, but none for more than 10 months. The timetable for some other work milestones has actually sped up, the utility said.
Projections call for Unit 2 of the nuclear project to be complete in the first half of 2017. Unit 3 is supposed to be complete in the 2018.
“The present cash flow forecast indicates that the company will be able to complete the units for $4.548 billion in 2007 dollars, which is the amount approved in Order No. 2012-884,” the utility said.
The current cost estimates include no cost changes apart from changes in timing of costs and minor shifts in costs among cost categories that occur in the normal course of managing the project.
There are 146 specific milestones for reporting purposes. As of Dec. 31, 2012, 81 have been completed.
“Comparing the scheduled milestone completion dates as of the date of this report to the milestone completion dates approved by the Commission in Order No. 2012-884, the completion dates of 50 milestones have changed. Of these, 19 have been accelerated and 31 have been delayed for between one and 10 months.”
In October 2012, the project received its last major environmental permit, which is the National Pollutant Discharge Elimination System (NPDES) permit for the units’ wastewater system.
Ownership of a key vendor has changed. Chicago Bridge & Iron (CB&I) announced it has concluded the purchase of the Shaw Group which it will operate as a business sector under the name CB&I Shaw.
Progress cited on switchyard, turbine building
The switchyard was substantially completed during the fourth quarter. The switchyard was energized in January of 2013 for testing purposes prior to being turned over to SCE&G’s transmission department for operation.
A 230-kV line (VCS1-Killian 230 kV) is about 80% complete. Also a line that extends from V.C. Summer Switchyard No. 2 to the Lake Murray 230/115 kV Substation is about 40% complete.
During the fourth quarter, SCE&G made substantial progress constructing the Unit 2 Turbine Building basemat. By January 2013, this work was substantially completed.
In September, the Shaw Group suspended the placing of reinforcing bar in the Unit 2 nuclear island foundation excavation. “The purpose of this suspension was to allow certain construction code provisions to be added to the licensing basis for the units through the License Amendment Request (LAR) process. Placement of this reinforcing bar in the Unit 2 foundation excavation can now proceed under Preliminary Amendment Requests,” the company said.