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 provisions, including the encouragement for Santee Cooper to provide essential information to potential bidders while ensuring that the costs do not impact customer utility rates. It also emphasizes the importance of evaluating proposals based on their potential benefits to South Carolinians, particularly in terms of providing relief to ratepayers. Additionally, any proposal involving the transfer of real property interests must receive approval from the Joint Bond Review Committee. The resolution aims to address the growing demand for electricity in South Carolina while maximizing the recovery of costs associated with the abandoned units.