“In both the SC and GA cases, the state governments helped pave the way for the financial mismanagement of the projects by legislating that state electric ratepayers be responsible to pay for the nuclear construction in their monthly bills many years ahead of receiving a single watt of utility services.”
Beyond Nuclear | November 21, 2024 beyondnuclear.org
On November 20, 2024, the ex-Westinghouse Electric Corporation Vice President, who once headed the company’s AP1000 advanced reactor global marketing division, Jeffrey Alan Benjamin was sentenced in the District of South Carolina Federal Court to one year and a day in prison and a $100,000 fine for his role to defraud the South Carolina Public Utility Commission (PUC) and state electric ratepayers out of billions of dollars following the 2017 abandonment of the V.C. Summer units 2 & 3 nuclear plant construction project.
The US Justice Department had originally charged Westinghouse’s senior global nuclear project manager with 16 federal felony counts including conspiracy to commit wire and mail fraud by withholding and providing false financial information to South Carolina regulators and state customers while the V.C. Summer AP1000 pressurized water reactor project was financially collapsing from skyrocketing cost overruns and mounting construction delays. After years of legal wrangling, Benjamin entered into a guilty plea deal to a single “information felony charge” for “aiding and abetting the failure to keep accurate corporate records.”