BUSINESS

South Carolina Eyes Revival of Abandoned Nuclear Reactors

PUBLISHED Dec 9, 2025, 12:19 PM ET

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Media Bias Meter

Sources: 6

Center 83%

Right 17%

Sources: 6

COLUMBIA, S.C. — Santee Cooper and Brookfield Asset Management announced a memorandum of understanding that would, if finalized, transfer control of the unfinished V.C. Summer reactors and provide Santee Cooper with $2.7 billion and a targeted 25% ownership stake. The agreement begins up to a two-year feasibility and negotiation period toward a Final Investment Decision, during which Brookfield would cover Santee Cooper’s bidding and negotiation costs and would retain at least 75% of plant output to sell. The V.C. Summer project was abandoned in 2017 after delays and legal fallout. Based on 6 articles reviewed and supporting research.

By Neha R. | JQJO News

Timeline of Events

2017: V.C. Summer reactors project halted and officially abandoned amid cost overruns.
2018–2024: Legal actions, settlements, and criminal prosecutions followed the collapse of the project.
Early 2025: Brookfield Asset Management was selected as the preferred private partner to revive the site.
Dec. 8, 2025: Parties announced a $2.7 billion memorandum of understanding to transfer control, pending approvals.
2026–2027: Up to two years of feasibility studies and negotiations toward a Final Investment Decision.

Media Bias

Articles Published:: 6
Right Leaning:: 1
Left Leaning:: 0
Neutral:: 5
Distribution:: Left 0%, Center 83%, Right 17%

Who Benefited

Brookfield Asset Management stands to benefit financially and commercially by securing majority output and revenue streams from the revived V.C. Summer reactors.