South Carolina to advance natural gas and nuclear energy initiatives through new legislation

South Carolina's Governor's Nuclear Advisory Council convened on March 31, 2025, to discuss significant advancements in the state's energy strategy, particularly focusing on natural gas and small modular nuclear reactors (SMRs). The council's discussions highlighted a pivotal bill aimed at enhancing energy production while ensuring public interest and safety.

The bill, which does not authorize construction but allows for joint ventures in energy projects, is seen as a crucial step towards integrating natural gas into South Carolina's energy mix. This initiative is expected to unlock approximately $600 million in contracts that have been stalled due to uncertainty over energy sources. The council emphasized that natural gas is a flexible resource, capable of meeting fluctuating energy demands, particularly benefiting regions like Horry County.

In addition to natural gas, the council addressed the potential for small modular nuclear reactors, permitting only three such projects under strict regulations. This limitation aims to ensure that any new nuclear sites are thoroughly vetted for public interest. The council acknowledged the need for South Carolina to keep pace with advancements in energy production, particularly in light of competition from other states and countries.

The meeting also touched on the restructuring of the Public Service Commission (PSC), maintaining its size at seven members to ensure adequate representation. To attract qualified candidates, the council approved salary increases for commissioners, aligning their pay with that of circuit court judges.

Another significant topic was the backlog in the appellate court system affecting energy rate cases. The council proposed a streamlined process that would allow certain cases to bypass lower courts and go directly to the Supreme Court, potentially saving ratepayers around $7 million per case by reducing legal costs.

The council's discussions reflect a comprehensive approach to energy policy, balancing the needs of energy production with environmental considerations. The establishment of the Environmental Policy Institute aims to engage universities and stakeholders in developing a roadmap for future energy initiatives, including exploring the broader nuclear fuel cycle and emerging technologies like microreactors.

As South Carolina moves forward with these initiatives, the council's actions are poised to significantly impact the state's energy landscape, ensuring that it remains competitive and responsive to the needs of its residents.