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SCANA's second quarter earnings call Thursday featured updates on the new reactor construction at the V.C. Summer nuclear plant, in addition to the company's take on the Chicago Bridge and Iron (CB&I) acquisition of project contractor the Shaw Group. On the two Westinghouse AP1000 reactors...

Lower-than-expected interest rates have helped recent cost estimates for new reactors at the V.C. Summer nuclear plant to come in below the cost schedule approved by state regulators. In a quarterly filing, South Carolina Electric and Gas disclosed that its share of the $9.8 billion project was on track...

While still below the projection approved by state regulators, the companies building two new reactors at South Carolina’s V.C. Summer nuclear plant announced Thursday they had agreed to revise the project’s cost. SCANA, whose South Carolina Electric & Gas Co. operates the plant, reported...

Third-quarter earnings reports brought news of steady progress toward new nuclear plant construction, with licenses expected for four units in the coming months. In a conference call with analysts, SCANA Corp. chief operating officer Steve Byrne said recent regulatory developments align with expectations...

Progress Energy CEO William Johnson recently said his company’s proposed nuclear reactors in Florida and North Carolina will be finished later than planned. At the Platts Energy Conference Friday, Johnson indicated project completions are now expected for 2020 or later. Starting in 2005,...