V.C. Summer Saga Continues Two Years After Collapse of the Project
It was two years ago this week that the state saw the largest business failure in its' history, the collapse of the giant V.C. Summer nuclear project in Fairfield County.
Despite years of delays and cost overruns, news of the decision by SCE&G and its' partner state owned utility Santee-Cooper to pull the plug on the $9 Billion project left most people stunned.
The decision to abandon the project set in motion a series of events that are still playing out.
USC Law Professor Robert Bockman, a utility law expert, says the S.C. General Assembly’s action following the debacle has changed the landscape of state regulation of electric utilities.