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Pastimes : The Case for Nuclear Energy

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From: Sam Citron	5/27/2008 7:10:11 PM
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4:18PM SCANA announces contract to build two new nuclear units (SCG) 40.18 +0.18 : The co and Santee Cooper announce a contractual agreement with Westinghouse Electric Company, and a subsidiary of The Shaw Group (SGR), Stone & Webster, for the design and construction of two 1,117-megawatt nuclear electric-generating units at the site of the V.C. Summer Nuclear Station, near Jenkinsville, S.C. The ultimate cost of the two new nuclear units is based on today's contract price, plus forecasted inflation, owner's costs and contingencies. We estimate the cost for both units upon completion is approximately $9.8 bln. SCANA's share of that total is about $5.4 billion and Santee Cooper's share is about $4.4 billion. Each co will also incur costs related to transmission facilities and certain financing costs related to the project. www.briefing.com/inplay

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