South Carolina Utility Scraps $14 Billion Nuclear Project
By Tom Clements
The decision to abandon the V.C. Summer project is of monumental proportion and is a full admission that pursuit of the project was a fool's mission right from the start. The damage that this bungled project has caused to ratepayers and the state's economy must be promptly addressed by SCE&G, Santee Cooper and regulators and all effort must be made to minimize that damage. SCE&G and Santee Cooper must now take on a large part of the project's cost.
To reduce the on-going blow to SCE&G ratepayers already paying 18 percent of the bill just to pay for project financing, it's time for money to be refunded as it was collected from them under the false pretense that advance payment for the nuclear project was sound. In proceedings before the South Carolina Public Service Commission, we pledge to be a steward of the public interest and to determine who must be held accountable for this boondoggle and to fight for monetary reparations to customers.
Warnings about potential problems with the project were raised in 2008 and repeatedly since then by Friends of the Earth and the Sierra Club but they were blindly ignored by both SCE&G and Santee Cooper as well as regulators. There was ample warning about the pitfalls that the project would face so it appears that regulators may have simply bowed to the will of SCE&G and rubber stamped decisions at every step of the way without proper review. Regulators have so far not attempted to make a case that they provided proper oversight and the pressure is now on them to explain their actions that have led to this debacle.
Agencies charged with looking out for the public interest—the South Carolina Public Service Commission and the Office of Regulatory Staff—failed the citizens of the state by not performing due diligence of the unsubstantiated claims made by SCE&G about the project's cost, schedule and ease of construction. It was evident from the start that cost overrun, schedule delays and problems with an untested construction method were fraught with problems. Though the handwriting has been on the wall for years cost overruns and construction challenges never received proper review until the project was on the brink of failure.
Rather than applauding the decision this is a time for reflection and to prepare for formal proceedings before the South Carolina Public Service Commission that will review how this debacle happened and how to refund ratepayers money due to a string of imprudent decisions.
- Trump Insider Embeds Climate Denial Into Agency Reports ... ›
- Climate Denier Is Named to Leadership Role at NOAA - EcoWatch ›
EcoWatch Daily Newsletter
New Jersey is one step closer to passing what environmental advocates say is the strongest anti-plastic legislation in the nation.
Did you know that nearly 30% of adults do, or will, suffer from a sleep condition at some point in their life? Anyone who has experienced disruptions in their sleep is familiar with the havoc that it can wreak on your body and mind. Lack of sleep, for one, can lead to anxiety and lethargy in the short-term. In the long-term, sleep deprivation can lead to obesity, diabetes, and cardiovascular disease.
Fortunately, there are proven natural supplements that can reduce insomnia and improve quality sleep for the better. CBD oil, in particular, has been scientifically proven to promote relaxing and fulfilling sleep. Best of all, CBD is non-addictive, widely available, and affordable for just about everyone to enjoy. For these very reasons, we have put together a comprehensive guide on the best CBD oil for sleep. Our goal is to provide objective, transparent information about CBD products so you are an informed buyer.
The House of Representatives passed a sweeping bill to boost clean energy while phasing out the use of coolants in air conditioners and refrigerators that are known pollutants and contribute to the climate crisis, as the AP reported.
- Renewable Energy Could Power the World by 2050 - EcoWatch ›
- Net Zero U.S. by 2050? House Dems Unveil Sweeping Climate ... ›
- Delayed Senate Energy Bill Promotes LNG Exports, 'Clean Coal ... ›
By Governor Jay Inslee
Climate Week this year coincides with clear skies in Washington state for the first time in almost two weeks.
In just a few days in early September, Washington state saw enough acres burned – more than 600,000 – to reach our second-worst fire season on record. Our worst fire season came only five years ago. Wildfires aren't new to the west, but their scope and danger today is unlike anything firefighters have seen. People up and down the West Coast – young and old, in rural areas and in cities – were choking on smoke for days on end, trapped in their homes.
Fires like these are becoming the norm, not the exception.