A Look at the Possible Economic Impact of the Atlantic Coast Pipeline
What does a massive North Carolina industrial complex that can churn out $1 billion worth of steel a year have in common with a processor of sweet potato-based food filler located 90 miles away? Both manufacturing operations ‒ Nucor Corp.’s steel plant in Hertford County and the Carolina Innovative Food Ingredients facility in Nash County…
Construction of V.C. Summer Units 2 and 3 Suspended
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…
SCE&G and Santee Cooper Reach Agreement on Guaranty Payments From Toshiba, $2 Billion
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…
Arkados Group Rebrands as SolBright Renewable Energy
Arkados Group, Inc. (OTC:AKDS), an industrial automation and energy management company providing Industrial Internet of Things (IoT) solutions that help commercial and industrial facilities increase efficiency and reduce cost, today announced it has rebranded its energy conservation and management services division to “SolBright Renewable Energy,” reflecting the recently completed acquisition of SolBright Renewable Energy Inc….
NC Solar Developer Builds Solar Farm in Tennessee
The site of an unfinished nuclear power plant has been newly energized – with solar power. Birdseye Renewable Energy recently partnered with United Renewable Energy to design and construct a solar farm bringing energy generation to Hawkins County. -A new 1MW solar power farm sits on the site of the never operational Phipps Bend nuclear…
Southern Current Announces Solar Farm in SC
Southern Current, a developer in the residential, commercial and utility-scale solar markets, is launching a new solar farm in Hampton County, South Carolina. The company is investing $2.5 million in the project. “Southern Current is excited to keep bringing more clean energy projects to South Carolina,” said Southern Current Chief Development Officer Paul Fleury. “We…
Westinghouse Loans Put Nuclear Reactor Construction At Risk
According to Reuters, the owners of one of the first new U.S. nuclear power plants in decades said the half-finished reactors might not be completed without changes to a proposed $800 million loan to the bankrupt builder, Westinghouse Electric Co LLC. A unit of Toshiba Corp, Westinghouse has asked a U.S. bankruptcy judge in Manhattan…
Bringing More Solar Jobs to The Palmetto State
More solar jobs are coming to South Carolina according to HCS Renewable Energy, LLC a national renewable energy company headquartered in Austin, TX. HCS announced that it has joined the South Carolina Solar Business Alliance serving as primary staffing subcontractor on utility-scale solar projects nationwide. The South Carolina Solar Business Alliance (SBA) is the voice of…
Standard Solar Acquired by Gaz Métro
Standard Solar, Inc., a leading solar energy company specializing in the development, installation and financing of commercial solar electric systems nationwide, today announced that it is being acquired by Gaz Métro, a leading energy provider with more than US$5.8 billion in assets that is actively involved in developing and operating energy infrastructures and innovative, promising energy…
Williams Partners Receives FERC Certificate Authorizing Atlantic Sunrise Project
Williams Partners L.P. (NYSE: WPZ) reported that the Federal Energy Regulatory Commission (FERC) has issued a certificate of public convenience and necessity authorizing the Atlantic Sunrise expansion project – an expansion of the existing Transco natural gas pipeline to connect abundant Marcellus gas supplies with markets in the Mid-Atlantic and Southeastern U.S. “While we are…
