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October 27, 2025

South Carolina's state utility says private firm set to restart abandoned $9B nuclear project

  • Interest in the project has grown due to increased power demand.
    • By JEFFREY COLLINS
    Associated Press

    COLUMBIA, S.C. — South Carolina's state-owned utility is looking to a private company to revive a project to build two nuclear power plants that was abandoned eight years ago, losing more than $9 billion without generating a watt of power.

    Santee Cooper's board agreed Friday to start six weeks of negotiations with Brookfield Asset Management that they hope will lead to a deal that lets the private company build the nuclear plants at the V.C. Summer site near Jenkinsville at their own risk to generate power that they could mostly sell to whom they want, such as energy-gobbling data centers.


     
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