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What's next for South Carolina's embattled utilities?
Utility Dive: To keep electricity flowing at affordable prices, South Carolina faces difficult choices about its debt-burdened electric utilities.
Public power utility Santee Cooper and South Carolina Electric and Gas (SCE&G), the state’s dominant investor-owned electric utility (IOU), have a combined obligation of more than $13 billion. It was incurred when the expected $9.8 billion cost to jointly finance two new units at the V.C. Summer nuclear facility ballooned to more than $20 billion and the project had to be abandoned.
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