The Quad Report

The U.S. Department of Justice is dropping criminal charges against former Westinghouse CEO Danny Roderick in return for becoming a witness in the criminal cases involving the failed V.C. Summer two-unit, 2,000-MW nuclear construction project. The project cratered in July 2017 after spending some $10 billion and constantly lying to state regulators about the progress… More DOJ drops charges against ex-Westinghouse CEO in return for testimony in VC Summer criminal cases

A federal grand jury has indicted a second high-level Westinghouse nuclear officer in the $10-billion, 2017 collapse of the V.C. Summer nuclear construction project in South Carolina. Jeffrey Benjamin, former Westinghouse senior vice president for new plants and projects, is now among three other executives, two from the former SCANA Corp. owner of the project,… More Second high-level Westinghouse executive indicted in V.C. Summer fiasco

The U.S. Securities and Exchange Commission on Thursday (Feb. 27) charged Dominion Energy’s South Carolina utility SCANA Corp. and two former executives with civil fraud in connection with the 2017 $10 billion collapse of the V.C. Summer nuclear plant expansion. The securities agency said the company and its top executives repeatedly lied about the progress… More Feds charge fraud in V.C. Summer nuclear failure

The overly-ambitious, $9 billion V.C. Summer nuclear project in South Carolina – a joint venture of then SCANA Corp. and state-owned generation and transmission utility Santee Cooper – failed miserably in July 2017, when the two essentially equal partners walked away and left an uncompleted hulk on the site of two operating nuclear power plants.… More Is the failed VC Summer project South Carolina’s Brexit?

Westinghouse, the lead contractor in the collapsed V.C. Summer nuclear project in South Carolina, has sued the statewide public power system Santee Cooper in Westinghouse’s bankruptcy proceeding, charging last week that Santee Cooper has been balking at selling millions of dollars of unused equipment at the failed, two-unit Westinghouse reactor construction.   The State newspaper… More The weird world of the V.C. Summer collapse

The never-ending end game for South Carolina’s abandoned V.C. Summer nuclear project is getting more complicated. Charleston’s Post and Courier newspaper reports that troubled SCANA Corp., one of the two corporate parents of the failed $9 billion, two-unit, 2,000-MW construction project is drawing attention from federal law enforcement. The newspaper says that when SCANA CEO… More The convoluted V.C. Summer nuclear fiasco twists and turns

The convoluted tale of South Carolina’s failed nuclear construction project, a year after SCANA Corp. and its South Carolina Electric & Gas subsidiary pulled the plug on the two-unit nuclear project, rolls on. Is an end to this story in sight? Not really. Most recently, on August 6, a federal circuit court rejected SGE&G’s challenge… More South Carolina’s failed V.C. Summer tale continues

Gridlocked. Dysfunctional. Polarized. U.S. Congress? No, South Carolina as it tries to deal with the collapse of the V.C. Summer nuclear construction project. The South Carolina government’s attempt to figure out how to recover from the multi-billion-dollar collapse of SCANA’s Corp.’s V.C. Summer two-unit new nuclear plant is a mess. In the latest development –… More S.C.’s V.C. Summer efforts stalled

While most of the U.S. faces little risk of systemic electricity shortages this summer, that’s not the case for Texas and California, according to both the North American Electric Reliability Corp. and the Federal Energy Regulatory Commission. NERC issued its summer reliability assessment this morning, while FERC’s summer assessment came May 17. The yardstick both… More Are electric shortages coming this summer?

South Carolina faces a chaotic financial and political environment as a result of the entirely predictable collapse of the V.C. Summer nuclear project. The latest turn in the tangled tale is that a new vulture has appeared circling the carcass of the two failed 1000-MW Westinghouse AP 1000 units, and the operating 966-MW Westinghouse PWR,… More Utility vultures circle the V.C. Summer nuclear carcass