South Carolina’s State Utility Says Private Firm Set to Restart Abandoned $9 Billion Nuclear Project
Santee Cooper seeks private partner Brookfield to build reactors at V.C. Summer site with no risk to taxpayers after $9 billion loss in canceled project.
- South Carolina's state-owned utility is looking to a private company to revive a $9 billion nuclear power plant project that was abandoned eight years ago.
- Brookfield Asset Management preliminarily agreed to provide Santee Cooper with some power generated from the revived nuclear project.
- After eight years of abandonment, the plant equipment and structures need inspection before use, and permits need renewal to restart construction.
18 Articles
18 Articles
SC’s state utility enters negotiations on deal to restart failed nuclear project
Nuclear reactor assemblies pictured Sept. 12, 2024, in storage at V.C. Summer nuclear site near Fairfield. (Provided by S.C. Nuclear Advisory Council)COLUMBIA — South Carolina’s state-owned utility is entering negotiations with a New York investment firm to finish partially built nuclear reactors abandoned eight years ago. Santee Cooper’s governing board voted unanimously Friday to allow the power company’s management team to officially begin ne…
South Carolina's state utility says private firm set to restart abandoned $9 billion nuclear project
South Carolina's state-owned utility is negotiating with Brookfield Asset Management to revive a nuclear power project abandoned eight years ago.
Global firm picked to complete Santee Cooper's unfinished reactors at VC Summer
Santee Cooper capped a 9-month search for a private investor willing to buy and finish the two partially built nuclear reactors at the VC Summer plant in South Carolina’s Midlands region.
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