COLUMBIA, S.C. (AP) – Top executives of the state-owned utility Santee Cooper were paid bonuses for the now-failed effort to build two nuclear reactors in South Carolina.
The State newspaper reported Santee Cooper executives were paid more than $70,000 in bonuses since 2011 for the now-abandoned project.
Santee Cooper was a 45 percent partner with South Carolina Electric & Gas Co. to build reactors at the V.C. Summer Nuclear Station they operate in Fairfield County.
The utilities said July 31 they were giving up on a nearly decade-long effort, citing expenses and construction delays.
They had spent about $10 billion so far. Santee Cooper Chief Executive Lonnie Carter announced his retirement last week.
SCE&G paid nearly $21 million in bonuses to top executives, some of which was for reaching milestones in the nuclear project.