SCE&G opts to fix Summer price

27 May 2016

South Carolina Electric & Gas Company (SCE&G) has chosen a fixed price option for the completion of the VC Summer 2 and 3 AP1000 units under a 2015 amendment to the engineering, procurement and construction (EPC) contract for the plant.

Scana Corporation subsidiary SCE&G yesterday said that it had notified Westinghouse of its decision to take the fixed price option, subject to formal concurrence by co-owner Santee Cooper and the approval of the Public Service Commission of South Carolina (SCPSC). "Once this exclusive and irrevocable option becomes effective, it will amend the EPC Contract to fix, as of June 30, 2015, substantially all of the costs to be paid for the remaining scope of the Project," the company said.

The move follows Westinghouse's 2015 acquisition of CB&I Stone & Webster, through which Westinghouse took on the business of engineering, construction, procurement, management, design, installation and commissioning of nuclear power plants, including the VC Summer, Vogtle project in Georgia and as projects in China.

SCE&G has also petitioned the SCPSC for approval to update the capital cost schedule and the construction milestone schedule for the two units in Jenkinsville, South Carolina.

Researched and written
by World Nuclear News

Filed under: New build, Construction, USA