Duke Energy signs letter of intent

Duke Energy Carolinas, a division of Duke Energy, on July 20 said it signed a letter of intent with Santee Cooper for a potential minority interest in Santee Cooper's 45 percent ownership of the planned new nuclear reactors at the V.C. Summer Nuclear Generating Station in South Carolina.

The potential minority interest is 5 to 10 percent of the capacity of the planned two units. Santee Cooper and its partner, South Carolina Electric & Gas, plan to add two 1,154 MWe Westinghouse AP1000 pressurized water reactors at the V.C. Summer station. The station currently has one Westinghouse pressurized water reactor and has a generating capacity of 1,000 MW.

The letter of intent allows Duke Energy to conduct due diligence to determine if future participation in this project would be beneficial.

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