The bill, S. 51, is a joint resolution that encourages the South Carolina Public Service Authority (Santee Cooper) to issue a request for proposals (RFP) to explore the utilization of assets associated with the abandoned V.C. Summer Units 2 and 3 nuclear projects. The resolution highlights the historical context of these units, including their initial construction, abandonment in 2017, and the subsequent termination of their licenses in 2019. It emphasizes the advancements in AP1000 nuclear technology and the successful completion of similar projects in other regions, suggesting that there may now be viable opportunities to reconsider the completion of these units or explore alternative nuclear energy solutions.

The resolution outlines several key actions for Santee Cooper, including making essential information available to potential bidders while ensuring that associated costs do not impact utility rates for customers. It encourages the evaluation of proposals based on their potential to complete construction of the units or other related projects, with a focus on providing relief to South Carolinian ratepayers. Additionally, any proposal involving the transfer of real property interests must receive approval from the Joint Bond Review Committee. The resolution is set to take effect upon the Governor's approval.