S 772

This joint resolution directs the South Carolina General Assembly to hire an independent industry expert to assess the value of the state's 45% ownership stake in the abandoned Units 2 and 3 at the V.C. Summer Nuclear Facility, which is held through the South Carolina Public Service Authority (a state-owned utility). The bill responds to the project's abandonment after approximately $9 billion in losses and ten years of construction, with ratepayers still being charged despite the cancellation. The valuation report must be provided to legislative leadership, though implementation is contingent on securing necessary funding, and aims to help the state understand the worth of its assets as part of ongoing efforts to investigate the project's failure and potentially recover costs.