The bill, S. 51, is a joint resolution that encourages the South Carolina Public Service Authority (Santee Cooper) to issue a request for proposal (RFP) to solicit proposals for utilizing the assets associated with the abandoned V.C. Summer Units 2 and 3. The resolution highlights the historical context of the project, including the abandonment of construction in 2017 and the subsequent termination of licenses in 2019. It emphasizes the advancements in nuclear technology, particularly the successful completion of AP1000 reactors in other regions, and the potential for these advancements to inform the completion of the V.C. Summer units. The resolution also notes the increasing demand for electricity in South Carolina and the need to explore all options to maximize the recovery of costs associated with the abandoned units to minimize financial impacts on ratepayers.

The resolution outlines several key actions for Santee Cooper, including making fundamental information available to potential bidders and considering the impact of proposals on South Carolinians, particularly in terms of providing relief to ratepayers. It also stipulates that any proposal involving the transfer of real property interests must be approved by the Joint Bond Review Committee. The resolution aims to facilitate a meaningful RFP process that could lead to the completion of one or both units or alternative solutions that address the state's energy needs. The bill will take effect upon approval by the Governor.