Nuclear plant delays may lead to rate increases in South Carolina [Video]

Nuclear power can add reliability to a grid by providing a constant, reliable flow of energy. However, as South Carolina has learned recently, cost might cancel out the benefits.

According to state utility SCANA Corporation CEO Kevin Marsh, "design and fabrication issues" in the building and connecting of two new nuclear power plants in South Carolina will balloon costs by around nine-hundred million dollars, bring the total to $6.8 billion.

Reuters reported that industry experts believe the additional costs could trickle down to local ratepayers. This could partially negate the advantages adding two new energy generators could have on grid demand and regional rate pricing.

Thanks for watching. Join us again next time for more energy news!