Decision on potential $2.7B sale of SC nuclear reactors could be 2 years away

[Marlin]

Decision on potential $2.7B sale of SC nuclear reactors could be 2 years away

https://scdailygazette.com/2026/07/07/decision-on-potential-2-7b-sale-of-sc-nuclear-reactors-could-be-2-years-away/

[Core Content]

Santee Cooper has established a March 2028 deadline for Brookfield Asset Management to finalize a potential $2.7 billion purchase of two unfinished nuclear reactors at the V.C. Summer site. The agreement includes a 25 percent ownership stake for the utility and aims to reduce existing debt burdens for regional power customers.

This transaction represents a recovery effort following the 2017 abandonment of the original expansion project, which resulted in $9 billion of stranded costs. The deal remains subject to extensive engineering studies, federal licensing requirements, and the identification of an operator. Success depends on navigating complex regulatory hurdles and securing federal financing to complete the long-stalled construction.

South Carolina's state-owned utility company set a key deadline for the potential $2.7 billion sale of a pair of partially built nuclear reactors.

South Carolina's state-owned utility company announced a key deadline for the potential $2.7 billion sale of a pair of partially built nuclear reactors in the Palmetto State.

Santee Cooper will know by the end of March 2028 whether the deal to revive the state's failed nuclear expansion will officially go through, according to the June 26 announcement.

Read the full article at scdailygazette.com:
https://scdailygazette.com/2026/07/07/decision-on-potential-2-7b-sale-of-sc-nuclear-reactors-could-be-2-years-away/