Duke confirms SC contact, stock higher in down market

Thursday afternoon, Duke Energy confirmed it had been contacted about taking a stake in South Carolina's state utility – Santee Cooper – so construction could restart on the V.C. Summer nuclear plant expansion abandoned last week after a decade of work. 
About the same time investors voiced their approval of the talks, pushing Duke's stock up 0.45% in a down market, although any talk just adds to the nuclear unknowns Duke is slated to discuss with North Carolina regulators later this mionth. 
Wednesday, South Carolina Gov. Henry McMaster and Santee Cooper said other power companies are considering buying all or part of the state-owned utility, with the governor saying his office is talking with Duke Energy, Southern Co. and Dominion Energy about buying possibly all of Santee Cooper. 
Southern and Dominion both declined to comment Wednesday. 
Thursday, as the market was closing, an email from Duke Energy spokeswoman Rita Sipes stated: 
Duke Energy was among the companies Gov. McMaster contacted in the wake of the V.C. Summer decision. Like everyone with a stake in the nuclear power industry, we are following these developments closely. We certainly appreciate Gov. McMaster's interest in finding solutions that work for the state of South Carolina. 
Duke Energy is the Palmento State's largest utility with two units -- Duke Energy Carolinas and Duke Energy Progress -- serving 733,000 customers. SCANA's SCE&G has 698,000 customers. Santee Cooper serves 174,000 customers directly in addition to providing power to the state's 20 electric cooperatives. 
Duke operates eight nuclear reactors at four plants in South Carolina and three reactors at two plants in North Carolina. Last December, the NRC approved a fifth South Carolina nuclear plant using AP 1000 reactors. 
In May, North Carolina regulators asked Duke Energy  to answer a number of questions about the proposed Lee Nuclear Plant in the wake of Westinghouse's  bankruptcy filing. Westinghouse designed the reactors Duke has planned to use for Lee. 
More at http://jo1brumm.blogspot.com/2017/08/duke-confirms-sc-nuclear-contact.html

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