US EditionSouth Carolina’s abandoned nuclear plants could be revived as company offers $2.7 billion
Santee Cooper aims to erase most of its nuclear debt with a $2.7 billion deal and 25% ownership in the feasibility study to restart two reactors at V.C. Summer.
- A $2.7 billion deal was reached to transfer control of Santee Cooper's unfinished nuclear reactors to private investment group Brookfield.
- Brookfield will develop a plan to use South Carolina companies and workforce, partner with educational institutions, and engage with local communities.
- If the deal goes through, most of Santee Cooper's debt from the nuclear project would be erased, according to the utility's CEO.
18 Articles
18 Articles
South Carolina gazes into ‘risk free’ nuclear future with VC Summer revival on horizon
South Carolina officials cheered the promise of a revival of South Carolina’s uncompleted nuclear reactors at the V.C. Summer nuclear plant as a spark for a “nuclear renaissance” in the U.S.
SC-owned Santee Cooper negotiates $2.7B payment as part of nuclear reboot effort
The interior of the unfinished Unit 2 nuclear reactor pictured Sept. 12, 2024, at VC Summer nuclear site near Fairfield. (Provided by S.C. Nuclear Advisory Council)A sales agreement approved Monday by Santee Cooper would remove $2.7 billion worth of debt from customers’ power bills as part of a major nuclear restart in the Palmetto State. More than eight years after abandoning the project, the state-owned utility’s governing board unanimously pa…
Details emerge on proposed $2.7B sale of shuttered SC nuclear plant
Santee Cooper and Brookfield sign MOU to study completing two V.C. Summer nuclear reactors. Deal includes $2.7 billion cash payment and targeted 25% ownership for Santee Cooper. Feasibility study and path to Final Investment Decision expected to take 18–24 months. Completed units could generate 2,000+ MW of carbon-free power and create major job growth. A big step has been taken in the potential sale of a long-shuddered nuclear power pro…
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