South Carolina’s state-owned utility Santee Cooper and Westinghouse Electric have reached an agreement to sell leftover equipment and supplies from the abandoned Summer nuclear power station, three years after the project to build two AP1000 plants was halted.
The agreement will have the companies evenly split the money made from selling major nuclear equipment that has not been installed, according to the settlement announced Monday.
Santee Cooper will get 90% of the proceeds of all equipment that has been installed, and two-thirds of the profits from selling other equipment specific to nuclear projects, the agreement said.
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