SCANA (NYSE:SCG) said Oct. 5 that extreme wet weather in South Carolina resulted in the loss of about four days of construction work effort at the V.C. Summer nuclear Units 2 and 3 being built in South Carolina.
Unit 1 is in a refueling outage and the weather has had minimal impact on that process, SCANA and utility subsidiary South Carolina Electric & Gas (SCE&G) said in a news release.
The Columbia, S.C., area recently experienced severe weather resulting in flooding in some areas. Expect the company to discuss the situation in its quarterly earnings call on Oct. 29.
SCE&G and Santee Cooper, a state-owned electric and water utility in South Carolina, are working to build two 1,117-MW nuclear electric-generating units at the site of the V.C. Summer Nuclear Station near Jenkinsville, S.C.
In late September, the Public Service Commission of South Carolina (PSC) approved an increase of $64.5m, or approximately 2.57%, to the retail electric rates of SCE&G.
The new rates will be effective for bills rendered on and after Oct. 30, 2015. SCE&G filed for the increase in May under provisions of South Carolina’s Base Load Review Act (BLRA), a law enacted in 2007 to add structure and consistency to the process SCE&G and other regulated electric utilities must follow when building nuclear power plants.
On a somewhat related note, the state PSC was closed Oct. 6 “due to current unsafe travel conditions” caused by the weather, according to the PSC website.
The South Carolina PSC has also approved an updated construction timetable. The newly-approved construction schedule, without consideration of all mitigating strategies, indicates substantial completion dates of June 2019 and June 2020 for Units 2 and 3, respectively. The approved schedule, including these estimated completion dates, is based upon information received from the construction consortium of Westinghouse Electric and Chicago Bridge & Iron (NYSE:CBI).