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Utility sale could leave taxpayers with $4B of nuclear debt

Selling South Carolina's state-owned utility could force taxpayers to cover its $4 billion debt from a now-abandoned nuclear power project, its chairman told senators Aug. 22. The scuttled expansion of the V.C. Summer Nuclear Station accounts for half of Santee Cooper's total debt of $8 billion. Even if the utility can find a buyer, no company ...

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