Utility Dive•about 1 month ago
Dominion Energy, Santee Cooper receive state approval for $5B gas project
Key Takeaway
The approval of a $5B gas project in South Carolina, despite environmental opposition, underscores a regional regulatory preference for dispatchable gas generation and potential cost recovery for large utility infrastructure.
AI Summary
- •Dominion Energy and Santee Cooper received state approval for the $5 billion Canadys gas project in South Carolina.
- •The South Carolina Public Service Commission dismissed environmental group demands for a project cost cap and commitments to retire coal units.
- •This regulatory decision signals continued reliance on natural gas generation and potential for cost recovery for large utility infrastructure in South Carolina, impacting future power prices for large consumers.
Topics
ccgtemissionsfinancingpolicy