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News
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LCG, June 26, 2025--Invenergy today announced that they and Meta Platforms, Inc. have signed four new clean energy agreements that total an additional 791 MW of procured solar and wind capacity to support Meta's near-term operations, data center growth, and clean energy goals.
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LCG, June 23, 2025--The Governor of New York today directed the New York Power Authority (NYPA) to develop and construct an advanced nuclear power plant in upstate New York to deliver zero-emission power that supports a reliable and affordable electric grid. NYPA will lead the effort to develop at least one new nuclear energy facility with a combined capacity of at least one gigawatt (GW) of electricity, either alone or in partnership with private entities. The directive builds on the Governor’s 2025 State of the State to develop nuclear energy plans in New York.
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Industry News
SCG&E Announces Plans to Stop Construction and Abandon New Reactors at V.C. Summer Nuclear Station
LCG, August 2, 2017--South Carolina Electric & Gas Company (SCE&G), a subsidiary of SCANA Corporation (SCANA), announced Monday that it will stop construction of the two new nuclear units (Units) at the V.C. Summer Nuclear Station in Jenkinsville, South Carolina and will file a petition with the Public Service Commission (PSC) of South Carolina seeking approval of its abandonment plan. Normal construction activities at the project site will cease immediately and efforts will be shifted toward an orderly transition of winding down and securing the project property.
After the bankruptcy filing of Westinghouse Electric Company, LLC (WEC), SCE&G and its project co-owner, South Carolina Public Service Authority (Santee Cooper), each began a comprehensive process to evaluate the best path forward for the Units. SCE&G reached its decision after considering: (i) the additional costs to complete the Units, (ii) the uncertainty regarding the availability of federal production tax credits (PTC) for the project, (iii) the amount of anticipated guaranty settlement payments from WEC's parent,Toshiba Corporation (Toshiba), and (iv) other factors, including the decision of state-owned Santee Cooper, to suspend construction of the project.
SCANA's Chairman and CEO stated, "We arrived at this very difficult but necessary decision following months of evaluating the project from all perspectives to determine the most prudent path forward. Many factors outside our control have changed since inception of this project. Chief among them, the bankruptcy of our primary construction contractor, Westinghouse, eliminated the benefits of the fixed-price contract to our customers, investors, and other stakeholders. Ultimately, our project co-owner Santee Cooper's decision to suspend construction made clear that proceeding on our own would not be economically feasible. Ceasing work on the project was our least desired option, but this is the right thing to do at this time. Our belief in the benefits of nuclear generation -- not just for the state, but for the nation -- hasn't changed. As we have been doing for more than 30 years, we will continue providing customers with a valuable low-cost, non-emitting source of generation through our operating nuclear unit at V.C. Summer."
SCE&G plans to use the anticipated payments resulting from the settlement of Toshiba's guaranty to mitigate cost impacts to SCE&G electric customers.
The two, AP1000 units under construction were to have provided a total of approximately 2,200 MW of carbon-free, electric generating capacity to serve customers in South Carolina.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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