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Duke Energy Invests in New Nuclear Plants at V.C. Summer with Santee Cooper Investment via Nuclear Power Industry News

Nuclear Street News Team

Thu, Jul 21 2011 9:22 AM

Duke Energy Carolinas filed a status update yesterday informing the Public Service Commission of South Carolina the company has signed a letter of intent with Santee Cooper for a potential minority interest (5 to 10 percent of the capacity of the two units) in Santee Cooper’s 45 percent ownership of the planned new nuclear reactors at V.C. Summer Nuclear Generating Station in South Carolina.

The letter of intent provides a path for Duke Energy to conduct the necessary due diligence to determine if future participation in this project would be beneficial for its customers.

Duke Energy Carolinas has been exploring various regional generation opportunities to meet future customer needs for safe, clean, reliable and affordable electricity. The agreement with Santee Cooper is a positive step in that direction.

Continue reading at Duke Energy Invests in New Nuclear Plants at V.C. Summer with Santee Cooper Investment

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