New Nuclear Development

SCE&G and Santee Cooper announced in February 2006 that they have selected the V.C. Summer Nuclear Station site near Jenkinsville, S.C., as the preferred site should they move forward with constructing a new nuclear facility. Locating a new unit at the V.C. Summer site has many advantages.

The plant boasts a highly skilled workforce, a state-of-the-art training center, specialized facilities already in place, transmission interconnections and an ample supply of cooling water. In addition, V.C. Summer is ranked highly in many industry performance indicators and, according to a recent assessment by a team of its peers, it has a strong and very healthy safety culture.

From an economic development standpoint, there are both short term and long term implications for the Midlands. The construction phase could employ approximately 1,000 to 2,000 people for three-to-four years, and the operation of the plant could add approximately 450 permanent jobs to the site. Currently, V.C. Summer has about 630 company employees.

In addition, there would be financial benefits for Fairfield County that would also contribute to the local infrastructure. The company currently pays the county more than $19 million in property taxes for V.C. Summer.

The final decision to build a nuclear generating plant is several years away and there are many variables to consider before the decision is made. However, should nuclear power be chosen as the best option to meet future needs, below is a projected timeline of the process.

Projected Timeline
4th qtr. 2005 Notice of intent submitted for combined construction and operating license application filed with NRC
1st qtr. 2006 Development of the license application began
4th qtr. 2007 Submission of license application to NRC
2007-2010 Review of license by NRC (estimated 3-year review process)
2010 Pre-construction began
2011 or early 2012 Expected license application approval
2017 Unit 2 begins commercial operation
2018 Unit 3 begins commercial operation
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