The moment that helps explain how South Carolina lost its $9 billion nuclear power bet

Monday, November 13th, 2017

A year before their nuclear project went belly up, top executives from South Carolina Electric & Gas sent state regulators hundreds of pages of testimony with a simple message:

Better days are around the corner.

It was July 2016, and SCE&G was asking regulators to sign off on one last electric rate hike, one that would let them lock in the cost of the building a pair of nuclear reactors in Fairfield County. Executives said their new proposal would put an end to years of budget overruns, and protect South Carolina from paying even more down the road.

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