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1 April 2008 -- South Carolina Electric & Gas Co. reached an agreement with Westinghouse Electric Co. and The Shaw Group Inc. authorizing the purchase of long-lead-time materials for up to two new Westinghouse AP1000 nuclear electric generating units.

The move keeps the company on schedule to have a plant online by 2016. The company's focus now will turn to finalizing an engineering, procurement and construction (EPC) contract.

SCE&G also filed a Letter of Intent with the South Carolina Public Service Commission and the South Carolina Office of Regulatory Staff indicating that the company plans to file a combined application under the Base Load Review Act, as required under state law. The application will document the need for a new plant, as well as provide regulators with information they need to determine if the company's plans to construct the plant, including the projected costs, schedules and siting decisions, are prudent. SCE&G has not set a specific date for filing the combined application.

On March 31, SCE&G and Santee Cooper submitted an application with the Nuclear Regulatory Commission for a combined construction and operating license (COL). Once approved, the COL would authorize the companies to build and operate up to two new nuclear reactors at the utilities' existing V.C. Summer Nuclear Station site in Jenkinsville, S.C.

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