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Friends of the Earth and Sierra Club Conference Call: Failed Economics of South Carolina’s Nuclear Reactor Construction

Posted Jul. 14, 2017 / Posted by: Audrey Fox

Nuclear Economics Expert Documents How Project Failed and Calls on Officials to Abandon V.C. Summer Nuclear Project on 11AM Telepress Conference Call

COLUMBIA, S.C. – Friends of the Earth and the Sierra Club on Tuesday, July 18 will release an in-depth analysis in advance of a hearing before the South Carolina Public Service Commission on the troubled nuclear reactor construction project by South Carolina Electric and Gas (SCE&G). The report, entitled The Failure of the Nuclear Gamble in South Carolina, will be presented by economist Dr. Mark Cooper, who will make the case that the project must be abandoned and that ratepayers should be issued refunds due to imprudence on the part of SCE&G. Over $9 billion has been sunk into construction of the two Westinghouse AP1000 reactors and the project remains without a cost estimate or construction schedule. With construction only 37% complete and delays mounting, unauthorized spending continues at the rate of $120 million per month and the overall cost appears to be nearing $20 billion.

  • What: Phone-based press conference to release the report in support of the legal complaint with SC PSC to end construction on V.C. Summer nuclear plant.

  • Who: Dr. Mark Cooper, expert witness and Senior Fellow for Economic Analysis, Institute for Energy and the Environment, Vermont Law School; Robert Guild, attorney, FOE and South Carolina Chapter of the Sierra Club; Tom Clements, Senior Adviser, Friends of the Earth, Columbia, S.C.

  • When: Tuesday, July 18, 11:00 A.M. Eastern

  • Where: Dial-In:1-877-888-4291, Access Code: 36372

Expert contacts: Tom Clements, (803) 240-7268, tomclementssc@gmail.com
Robert Guild, (803) 917-5738, bguild@mindspring.com
Communications contact: Patrick Davis, (202) 222-0744, pdavis@foe.org
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