Your source for construction industry news in the Carolinas
According to media reports, several out-of-state companies are exploring an acquisition of South Carolina-based Santee Cooper. The State Newspaper reported one unnamed company has submitted a bid to buy all of Santee Cooper or its assets. Officials with Gov. Henry McMaster’s office expect up to three more bids. Saddled with over $4.3 billion in debt…
The Santee Cooper Board of Directors approved today the suspension of construction of Units 2 and 3 at V.C. Summer Nuclear Station in Jenkinsville, SC. The decision is anticipated to save Santee Cooper customers nearly $7 billion in additional costs to complete the project, including projected interest during construction. The decision to suspend construction is based…
South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (SCANA) (NYSE: SCG), and Santee Cooper, have entered into a definitive agreement with Toshiba Corporation (Toshiba) for Toshiba to pay $2.168 billion ($1.192 billion to SCE&G for its 55% and $0.976 billion to Santee Cooper for its 45% project ownership) in full satisfaction…
