S.C. utility talks power sale with Florida firm
Mar 21, 2011 5:46:00 PM - thestate.com
Santee Cooper is negotiating with a Florida power company to sell electricity from two nuclear reactors proposed for Fairfield County.
The state-owned utility signed a letter of intent to negotiate a power purchase with the Orlando Utilities Commission, officials said Monday. The letter of intent covers the sale of 5 percent to 10 percent of the power Santee Cooper generates from the plants.
Santee Cooper and SCE&G plan to jointly build the nuclear plants at the V.C. Summer power station about 25 miles northwest of Columbia. The $9.8 billon project would add two plants to an existing reactor there.
SCE&G owns 55 percent of the proposed nuclear plant expansion in Fairfield County. Santee Cooper now has a 45 percent interest. But Santee Cooper has been looking for ways in recent months to reduce its involvement for economic reasons.
Santee Cooper’s letter of intent with Orlando Utilities also includes the framework for a possible sale of some of the South Carolina company’s interest in the project, but company spokeswoman Mollie Gore said she could not confirm that active negotiations for sale of part of the plants are ongoing.
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