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South Carolina governor lists potential buyers for Santee Cooper utility

Published 08/10/2017, 12:45 PM
© Reuters.  South Carolina governor lists potential buyers for Santee Cooper utility
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  • South Carolina Gov. McMaster and Santee Cooper say other power companies are considering buying all or part of the state-run utility that could help restart the V.C. Summer nuclear plant expansion abandoned last week after a decade of work.
  • The governor says his office is talking with Duke Energy (DUK +0.2%), South Carolina's largest power provider, as well as Southern Co . (SO +0.1%) and Dominion Energy (D) about buying possibly all of Santee Cooper.
  • Santee Cooper says it is conducting its own search for a buyer - it has not named names - but only its 45% share of two unfinished reactors at the V.C. Summer site; investor-owned South Carolina Electric & Gas controls the other 55%.
  • Now read: July 2017 Portfolio Update: All About Inertia


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