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With no asset to show for more than $4 billion of debt, Santee Cooper’s bonds were downgraded by S&P.
August 3 -
After issuing $4.2 billion of bonds to finance two new nuclear reactors, Santee Cooper said the project was no longer affordable.
August 2 -
Halting the work is expected to save customers nearly $7 billion in additional costs, the state-run agency known as Santee Cooper told bondholders.
July 31 -
South Carolina and Georgia nuclear reactor owners inked deals supporting the projects, though they’re still deciding whether to complete them.
July 28 -
Regulators will hear claims that ratepayers face hikes from a “bungled” nuclear reactor project.
July 19 -
South Carolina reactor owners continue to review their options after Westinghouse’s bankruptcy.
June 27 -
Public power agencies in Georgia and South Carolina face headwinds from the Westinghouse bankruptcy.
May 17