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Utilities ditch reactors that launched U.S. nuclear renaissance

COLUMBIA, S.C. (Reuters) - Two South Carolina utilities said on Monday they are abandoning two unfinished reactors that were hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns.

The twin-reactor project known as V.C. Summer is majority owned by SCANA Corp, with state-owned utility Santee Cooper owning 45 percent.

"We arrived at this very difficult but necessary decision following months of evaluating the...