Business

February 5, 2014

SC business notebook, Feb. 6

SCE&G crews helping in snow belt; Firm to bring Ridgeway 120 jobs; Company to harvest, sell jellyfish; Cost overruns stall Panama Canal project

SCE&G crews helping in snow belt

S.C. Electric & Gas sent more than 140 contractors Wednesday to help two Northeastern utilities being walloped this week with ice and heavy snow by a winter storm. The Cayce-based energy giant released 139 contract linemen from the Midlands and the Lowcountry to work with First Energy Corp. in Pennsylvania and Maryland. An additional nine tree personnel will work with Public Service Electric & Gas Company in New Jersey.

Firm to bring Ridgeway 120 jobs

A company that makes construction equipment is establishing its North America headquarters in Fairfield County. BOMAG Americas said Wednesday it is investing more than $18 million and bringing 120 jobs to the area during the next five years. BOMAG Americas makes milling machines, asphalt pavers and other road building equipment. The plant and office space will be located in Ridgeway. Construction is expected to begin in March with the plant to be completed in October. BOMAG is a subsidiary of the French company Fayat.

Company to harvest, sell jellyfish

A company that will harvest and sell cannonball jellyfish plans to begin operations in Beaufort County later this month. The Beaufort Gazette reports that Carolina Jelly Ball LLC plans to catch jellyfish and bring them to a dock on St. Helena Island beginning by Feb. 22. The company is still seeking state water discharge permits so the jellyfish can be processed at a vacant plant in Lobeco in northern Beaufort County. Meanwhile, the company will collect the jellyfish and ship them elsewhere for processing. They mainly will be shipped to Asian markets where they are considered a delicacy.

Cost overruns stall Panama Canal project

Work on the ambitious Panama Canal expansion project was halted Wednesday after talks broke down on how to settle a dispute over $1.6 billion in cost overruns. Panama Canal Authority administrator Jorge Quijano told a news conference the stoppage will give authorities time to analyze how to proceed. The Panama Canal Authority and the Spanish-led construction consortium leading the expansion blame each other for the overruns. They were negotiating how to pay for the unplanned extra costs when talks broke down, Quijano said. U.S. ports, including the one in Charleston, have invested billions in dredging, raising bridges and renovating docking infrastructure to accommodate the new generation of larger ships that could pass through an expanded Panama Canal.

Offshore wind farm gets go-ahead

A Seattle company is being given the green light to develop plans to build the West Coast’s first offshore wind energy farm – five floating turbines off Oregon’s Coos Bay.

The Associated Press contributed.

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