The South Carolina Public Service Commission has unsealed documents showing that at least $325 million was spent on additional construction costs for the beleaguered V.C. Summer nuclear reactor. The 2,234-megawatt plant, has been delayed multiple times, is billions of dollars over budget and now about two years behind schedule. The original cost estimate for the project was $9 billion. It now sits at $16 billion and is still unfinished and in jeopardy of not being completed because of the bankruptcy of its builder, Westinghouse. Customers of South Carolina Electric & Gas, one of the plant’s two utility owners, already have been hit with nine rate hikes to finance the work, paying at least $1.4 billion for the reactor project. About 18 percent of a customer’s current bill goes toward the plant’s construction.
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