Summer Nuclear Units' Cancellation Followed by Two Other Terminations

SUGAR LAND--September 5, 2017--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The recent decision to terminate construction of two new units at the V.C. Summer Nuclear Power Station in South Carolina claimed two other victims in late August. Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) informed its North Carolina regulators it intends to cancel plans to build the two-unit William States Lee III Nuclear Station in Gaffney, South Carolina. And the head of Santee Cooper (Moncks Corner, South Carolina) announced he was retiring after 35 years with the public-power utility. Santee Cooper is the 45% owner of the now-cancelled unit additions at the Virgil C. Summer Nuclear Power Station in Jenkinsville, South Carolina.

Within this article: Details of the struggling nuclear sector in the U.S.

Other companies featured: Dominion Energy Incorporated (NYSE:D), SCANA Corporation (NYSE:SCG)