SC Utility Shuts Off Plans For $1.3B Coal Power Plant

Law360, New York (August 24, 2009, 7:32 PM EDT) -- Santee Cooper, South Carolina’s state-owned electric and water utility, has decided to halt plans to permit a $1.25 billion coal-burning power plant in Florence County, citing recession-related declines in electricity demand, canceled business from its largest customer and potential cost increases due to new federal regulations.

In a move praised by environmental groups, the utility’s board voted to cancel plans for the Pee Dee Energy Campus, a 600-megawatt facility once deemed “crucial,” based on a recommendation from management, Santee Cooper announced Monday.

“The situation has changed...
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