SCANA (NYSE:SCG) utility South Carolina Electric & Gas (SCE&G) has released a video that shows progress of the V.C. Summer nuclear construction project in the third quarter of 2016.
SCE&G and co-owner Santee Cooper are building two 1,117-MW Westinghouse Electric AP1000 reactors in Fairfield County, South Carolina.
Westinghouse is the contractor, and Fluor is the construction manager. About 4,000 Westinghouse personnel and subcontractor workers are on site daily. The construction workforce is expected to peak at around 4,500 people in 2017.
When the two units start generating electricity, SCE&G anticipates more than 60% of its generation will be non-emitting.
SC&G and Santee Cooper together serve about 70% of South Caroline residents.
As far as third quarter construction highlights, The final two “super modules” were placed in the Unit 2 containment vessel. The new reactor vessel was set in August. The steel structure is approximately 35 feet tall and weighs approximately 305 tons.
During a September meeting with reporters, which is posted in another youtube video, utility officials noted that the cost of the project had increased more than $2bn since inception. Officials told reporters that the increase was partly due to regulatory factors and contractor issues, among other factors.
Officials also said the construction cost increase will be offset by lower-than-expected interest rates and utilization of production tax credits (PTC).
The units are scheduled to enter operation in August 2019 and August 2020 respectively.
https://www.youtube.com/watch?v=OV1_HZZ3hhY&feature=em-subs_digest
