Legislators review once-secret report on nuclear project via The Sacramento Bee

COLUMBIA, S.C. — Executives of the two utilities that abandoned a nuclear power project in South Carolina are testifying before a legislative panel investigating the debacle.

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State-owned Santee Cooper and South Carolina Electric & Gas hired Bechtel Corp. in 2015 to assess the status of construction on two new reactors at V.C. Summer Nuclear Station. The analysis found serious problems plaguing the project long before the utilities bailed July 31 after jointly spending nearly $10 billion.

Even before seeing the report, legislators questioned why the utilities didn’t change course sooner. Customers have spent more than $2 billion on the project’s financing through a series of rate hikes since 2009.