Recently, SCANA Corporation, a major utility company in South Carolina, announced it is suspending construction on two nuclear power plants. Part of the problem was spiraling costs to complete the project.
But another equally important reason was that the demand for electricity has not increased the way planners expected when the project was first proposed in 2008. That’s not surprising. A new report reveals that demand for electricity in US homes all across America is down from what it was 10 years ago.