South Carolina regulators approve deal to rescue utility company after multibillion-dollar nuclear construction failure

FILE - In this Sept. 21, 2016, file photo, V.C. Summer Nuclear Station's unit two's turbine is under construction near Jenkinsville, S.C., during a media tour of the facility. The Public Service Commission will determine at a meeting on Friday, Dec. 14, 2018 how much to cut rates for 737,000 South Carolina Electric & Gas customers who have already paid more than $2 billion for a pair of nuclear reactors abandoned during construction. (AP Photo/Chuck Burton, File)

FILE - In this July 18, 2016 file photo, South Carolina Small Business Chamber of Commerce President Frank Knapp announces his organization is joining a group of environmental and social work organizations to oppose a rate increase by South Carolina Electric & Gas to pay for cost overruns on two new nuclear plants in Columbia, S.C. South Carolina regulators have a couple of billion-dollar decisions Friday, Dec. 14, 2018. The Public Service Commission will determine at a meeting how much to cut rates for 737,000 South Carolina Electric & Gas customers who have already paid more than $2 billion for a pair of nuclear reactors abandoned during construction. (AP Photo/Jeffrey Collins, File)