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 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 fundamental information available to potential bidders and evaluating proposals based on their potential impact on South Carolina's ratepayers. It also stipulates that any proposal involving the transfer of real property interests must receive approval from the Joint Bond Review Committee. The bill aims to address the increasing demand for electricity in the state while minimizing financial impacts on consumers, ultimately seeking to leverage federal incentives and private sector interest in nuclear energy development.