Mississippi utility, Santee Cooper in negotiations
by Associated Press
Published: April 13,2012
Tags: Duke Power, Mississippi, Mississippi Business Journal, Santee Cooper, South Carolina, South Carolina Electric and Gas, South Mississippi Electric Power Association, V.C. Summer Nuclear Station
MONCKS CORNER, S.C. — Santee Cooper says it will negotiate with a Mississippi power company over a small stake in two new nuclear plants being built in South Carolina.
South Carolina’s state-owned utility said Friday that it has offered 4 percent to 14 percent of the ownership and power from the new plants to the South Mississippi Electric Power Association.
Santee Cooper has a 45 percent stake in the new 1,100-megawatt reactors being built at the V.C. Summer Nuclear Station near Jenkinsville. The plants are under construction and should come online in 2017 and 2018. South Carolina Electric and Gas owns the other 55 percent.
Santee Cooper has also offered Duke Power a 5 percent to 10 percent stake in its power and ownership of the reactors.
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