Four months after contractor Westinghouse Electric Co. filed for bankruptcy protection because of more than $6 billion in losses, the South Carolina utilities funding the V.C. Summer nuclear expansion project announced they are abandoning the project.
South Carolina Electric & Gas, a division of SCANA Corp., announced July 31 that it would be too expensive to complete the two units due to the uncertain availability of federal production tax credits and the amount of anticipated guarantee settlement payments from Toshiba Corp.