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Senator warns of federal deadline that could scuttle Santee Cooper reactor sale if RFPs, NDAs and approvals aren’t expedited
Summary
Senator from Buford urged urgency on Santee Cooper’s planned RFP for private bidders to acquire or finish the VC Summer reactor units, saying federal tax credits and loan guarantees require fast action to avoid losing $5.7 billion in potential rate relief.
Senator from Buford used a personal‑interest floor statement to press urgency for the state’s Santee Cooper process to solicit private sector bids for the incomplete VC Summer nuclear reactors.
Lede: The senator told colleagues that Santee Cooper’s planned request for proposals must move faster to give private bidders time to assemble applications for Department of Energy tax credits and loan guarantees, or “the window of opportunity to take $5,700,000,000 of sunk cost off of rate base is gonna go away.”
Nut graf: The argument rested on federal timing constraints: the…
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