Santee Cooper has delayed the 2017 Spring Mini-Bond sale planned to begin April 3 due to the March 29, 2017, bankruptcy filing by Westinghouse Electric Co., the contractor building our new nuclear units at V.C. Summer Nuclear Station.
Until we get more clarity about the bankruptcy proceedings, Santee Cooper believes it is appropriate and in the best interest of Mini-Bond buyers to delay the Mini-Bond sale. We plan to reschedule the sale once we have more clarity surrounding Westinghouse and Toshiba’s financial situation.
As we learn more, we will provide updates here.