Energy industry

Fitch returned the South Carolina-owned utility's outlook to stable due to cancellation of the nuclear reactor project.

The utility in Gainesville will use bond proceeds to buy a privately owned plant to exit an above-market power purchase agreement.

The Department of Energy approved $3.7 billion in loan guarantees for the Plant Vogtle project.

Keys Energy Services estimates $32 million in damages from Hurricane Irma, and FEMA will cover most of it.

Santee Cooper and South Carolina Electric & Gas monetized all but one payment of the $2.17 billion they expected to receive from Toshiba.

CFO Jack Wetzler said analysts’ emails were accidentally overlooked, prompting the negative rating action.

A bill to strengthen consumer protections for Property Assessed Clean Energy financing programs is headed to the governor’s desk.

Fitch Ratings said the increased costs to complete reactors at Plant Vogtle drove the downgrades.

Investor-owned utilities are recovering quickly from the storm, the rating agency said.

The Georgia pubic power agency will use bonds and loans to complete its share of the project.

The Municipal Electric Authority of Georgia voted to finish the two reactors, but cost was not disclosed.

The district faces growing enrollment amid shrinking financial support.

The city priced refunding bonds for Philadelphia Gas Works.

Moody's says the South Carolina Public Service Authority’s delay on rates is a credit negative.

The investor-owned utility said South Carolina officials will review the canceled project.

The South Carolina agency says the rate increases are unneeded even with $7.7 billion of bonds to support.

About $7.7 billion of debt is at stake as South Carolina's governor talks with investor-owned utilities about selling the public power agency.

The agency said it can wind down the project; lawmakers to weigh prohibiting rate increases.

With no asset to show for more than $4 billion of debt, Santee Cooper’s bonds were downgraded by S&P.

After issuing $4.2 billion of bonds to finance two new nuclear reactors, Santee Cooper said the project was no longer affordable.