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Santee Cooper Revives Nuclear Project Amid Challenges

10/24/2025

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Summary

Story summary

Santee Cooper, South Carolina's state-owned utility, has begun negotiations with Brookfield Asset Management to revive its abandoned nuclear project at the VC Summer site.
The project, which failed in 2017 after losing over $9 billion, includes two partially built reactors.
Santee Cooper aims to complete the reactors without incurring additional costs for ratepayers or taxpayers, with Brookfield assuming financial risks.
Experts warn that significant technical and regulatory challenges remain despite rising interest in nuclear energy.
Santee Cooper's CEO expressed optimism about the project potentially providing 2,200 MW of carbon-free power.

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Story summary

Santee Cooper, South Carolina's state-owned utility, has begun negotiations with Brookfield Asset Management to revive its abandoned nuclear project at the VC Summer site.
The project, which failed in 2017 after losing over $9 billion, includes two partially built reactors.
Santee Cooper aims to complete the reactors without incurring additional costs for ratepayers or taxpayers, with Brookfield assuming financial risks.
Experts warn that significant technical and regulatory challenges remain despite rising interest in nuclear energy.
Santee Cooper's CEO expressed optimism about the project potentially providing 2,200 MW of carbon-free power.