South Carolina nuclear plant price could grow by $1 billion

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Officials said that the cost of a new nuclear power plant in South Carolina could grow by more than $1 billion, reports The Associated Press.

The firms building two new reactors at the V.C. Summer nuclear plant want SCANA Corp. to pay an additional $660 million plus an amount sufficient to cover the cost of inflation since 2007, said SCANA Corp., which owns a 55% stake in the new reactors.

Plant co-owner Santee Cooper, which owns 45%, could see its costs rise by about $540 million, not including the additional inflation payment. The entire construction project was expected to cost more than $10 billion, prior to the new charges.

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