South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA Corporation (NYSE:SCG), has received a letter from the Nuclear Regulatory Commission (NRC) Office of New Reactors outlining an updated schedule for issuance of the Final Safety Evaluation Report for VC Summer Units 2 and 3.
In the letter, the NRC staff concluded that SCE&G’s application for a combined operating license is complete. The revised schedule supports the issuance of the Final Safety Evaluation Report (FSER) in September 2011. As the NRC letter stated “The objective for completion of the mandatory hearing, including issuance of a final Commission decision, should be no later than four months from the issuance of the later of the FSER or Final Environmental Impact Statement for the COL.”
The NRC is currently reviewing DCD revision 19 submitted by Westinghouse in June 2011. After the NRC’s review is complete, the FSER for the AP1000 certified design will be issued. Following that, the NRC will conduct a rulemaking process. Issuance of the COL is subject to completion of the rulemaking process.
“The issuance by the NRC of the schedule for approval of VC Summer’s COL application provides additional clarity toward the issuance of our license,” said Bill Timmerman, Chairman and CEO of SCANA. “As the timetable outlined in Tuesday’s NRC letter suggests, we remain confident that we will receive our COL within our previously announced timeframe of late 2011 or early 2012.”A copy of the letter from the NRC can be found on the Investor Relations section of the Company’s website at www.scana.com. PROFILE SCE&G is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity to approximately 663,000 customers in South Carolina. The company also provides natural gas service to approximately 315,000 customers throughout the state. More information about SCE&G is available at www.sceg.com. SCANA Corporation, a Fortune 500 company headquartered in Cayce, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. Information about SCANA and its businesses is available on the Company’s website at www.scana.com.