The two nuclear reactors under construction at the V.C. Summer plant in South Carolina are behind schedule but the cost of construction is now projected to be lower than initially projected, The Associated Press reports.
SCE&G's projected cost for the project is now $5.8 billion, roughly $550 million below the cost estimates worked out in 2009.
The first of the two reactors under construction is now expected to come online in late 2017 or early 2018, pushing the initial launch estimate back by about a year. Even with the delay, the date of the launch is within the 18-month buffer the utility planed for in the beginning.
âIt is not out of control," said South Carolina Electric & Gas Coâs COO Steve Byrne. â Weâre still within the approved window.â
Byrne blamed the delay on inexperience in the Shaw Group - now owned by CB&I - which, he says, has been resolved. âThey appear to have turned a corner.â
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