Santee Cooper negotiating for electricity sale
Mon, 21 Mar 2011 20:09:52 GMT —
MONCKS CORNER, S.C. (AP) -- South Carolina's state-owned utility is talking about selling power or an ownership position in its share of two nuclear reactors it is building with South Carolina Electric & Gas.
Santee Cooper said in a news release Monday that it is negotiating with the Orlando Utilities Commission for 5 percent to 10 percent of its portion of the new plants' capacity.
Santee Cooper and SCE&G jointly operate a reactor near Jenkinsville. If approved by federal regulators, the new facilities would go online in 2016.
Santee Cooper spokeswoman Mollie Gore says the negotiations come as the utility re-evaluates its long-term power needs. Santee Cooper's largest customer, Central Electric Power Cooperative, has said it will reduce its power purchases from Santee Cooper by 1,000 megawatts beginning in 2013.
(Copyright 2011 by The Associated Press. All Rights Reserved.)