NRC's Final Approval of Westinghouse AP1000® Design Is Major Milestone for SCE&G's New Nuclear Development

Published on Thursday, 22 December 2011 11:17 Written by TradersHuddle Staff

CAYCE, S.C., Dec. 22, 2011 /PRNewswire/ -- South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE: SCG), is pleased that the Nuclear Regulatory Commission (NRC) today granted final design certification to Westinghouse for the AP1000^® nuclear reactor.

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"Receiving final approval of the AP1000 design reaffirms our selection of this technology, which has undergone rigorous reviews to demonstrate that its design meets all regulatory requirements," said Kevin Marsh, chairman and CEO of SCANA. "This is a major milestone on the path to receiving our combined construction and operating licenses (COLs) for the two new nuclear units at V.C. Summer Nuclear Station."

SCE&G and its partner, Santee Cooper, a state-owned electric and water utility in South Carolina, anticipate receiving COLs from the NRC later this year or early 2012 for units 2 and 3 in Jenkinsville, S.C., approximately 25 miles northwest of Columbia. Currently, about 1,000 employees are engaged in preconstruction work at V.C. Summer.

PROFILE

SCE&G is a regulated utility engaged in the generation, transmission, distribution and sale of electricity to approximately 665,000 customers in South Carolina. The company also provides natural gas service to approximately 313,000 customers throughout the state. More information about SCE&G is available at www.sceg.com.

SCANA Corporation, a Fortune 500 company headquartered in Cayce, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses.  Information about SCANA is available on the company's website at www.scana.com.

SOURCE SCANA Corporation