Utilities

Power Failure: How utilities across the U.S. changed the rules to make big bets with your money

CHARLESTON, SC — “Listen to the folks who run some of our biggest electric utilities:

Tom Fanning, chief of Southern Company, in 2016 about its nuclear project in Georgia, which is years behind schedule: ‘It has gone beautifully. And we’re on schedule.’

Kevin Marsh, CEO of SCANA, in 2016 about South Carolina’s V.C. Summer nuclear project a few months before it collapsed: ‘We’re excited about where we are.’

…And Fanning again in 2015, this time about his company’s clean coal project in Mississippi, which isn’t burning coal or cleaning it: ‘We’re on a real winning streak right now.’

They should have said ‘thank you,’ because money they torched on these and other power plants wasn’t theirs.

It was yours.”

— Tony Bartelme, Charleston Post and Courier

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