Dive Summary:
- The Santee Cooper board of directors approved a $3 billion budget for the South Carolina-owned utility.
- $2 billion will go towards electric generation; approximately half of that will pay for fuel or power from other utilities.
- $930 million will go to construction and capital expenditures — $680 million will go towards the construction of two new nuclear reactors, $210 million will go towards transmissions improvement and $40 million will go to renewable generation and emissions reduction.
From the article:
"... More than $680 million of the capital expenditure budget is going to building new nuclear generating capacity. Santee Cooper and South Carolina Electric & Gas are building two new nuclear reactors at an existing nuclear plant near Jenkinsville in the Midlands. ..."