Santee Cooper, electric co-op customers to get refunds from failed SC nuclear project
COLUMBIA, S.C. -- Customers of South Carolina’s public utility Santee Cooper and electric cooperatives who paid toward the failed V.C. Summer nuclear project are starting to get their refunds in the mail.
Those who are still customers of either the cooperatives or Santee Cooper and have refunds of less than $25 will get a credit toward their bills. Customers with a refund of more than $25 will get checks, said Mollie Gore, spokeswoman for Santee Cooper. And South Carolinians who are no longer customers of Santee Cooper or the cooperatives will also get checks.
The money is part of a $520 million class action lawsuit settlement that stems from the failed $9 billion V.C. Summer nuclear plant project in Fairfield County. Customers paid toward the project, which fell behind schedule and reported cost overruns before it was abandoned.
The refunds were scheduled to go out this week to more than 1.6 million customers, averaging at about $169.28, said former state Sen. Vincent Sheheen, an attorney who worked on the settlement.
Read more: https://www.thestate.com/news/politics-government/article247318974.html