Dominion’s SC Canadys Gas-Fired Power Plant Doubles in Price

In February 2024, members of the South Carolina Public Service Commission approved a proposed project to build a 1,020-megawatt (MW) gas-fired power plant in the state’s Lowcountry, in Colleton County (see SC PSC Approves Gas-Fired Power Plant Proposed for Edisto River). The project, estimated to cost $2.5 billion, is a 50/50 partnership between Dominion Energy (formerly South Carolina Electric & Gas) and Santee Cooper (South Carolina’s state-owned electric and water utility). The plant location is at the retired coal-fired plant Canadys Station. Suddenly, the price has skyrocketed---doubling to around $5 billion. Why?

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