BRADENTON, Fla. — A new construction delay and cost overrun in the two new nuclear units being built at the Virgil C. Summer Nuclear Station are a credit negative for the South Carolina Public Service Authority, Moody's Investors Service said Monday.

The authority, also known as Santee Cooper, owns 45% of the units. The units are being constructed by investor-owned South Carolina Electric & Gas Co., or SCE&G, which owns 55% of the project. The delay and higher cost is also a credit negative for SCE&G.

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