August 25, 2017 / 3:36 PM / a year ago

South Carolina utility CEO steps down after nuclear project nixed

NEW YORK, Aug 25 (Reuters) - The chief executive officer of South Carolina’s electric utility announced his resignation on Friday, less than a month after the utility abandoned a nuclear project that was stymied by delays and billions of dollars in cost overruns.

Lonnie Carter will step down from his post as CEO and president of state-owned utility Santee Cooper, ending more than 13 years in the position and more than three decades with the utility, Carter and Santee Cooper’s board of directors said at a specially convened meeting. (Reporting by Laila Kearney; Editing by Bernadette Baum)

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