Oct 24 (Reuters) - Public utility company Santee Cooper
is in advanced talks to sell two inactive nuclear reactors to
Brookfield Asset Management ( BAM ) that could power data
centers underpinning the AI boom, the Wall Street Journal
reported on Friday.
The utility's board signed off on Brookfield's proposal,
allowing the two parties to enter into exclusive talks to
complete terms, the report added. The deal being discussed is
expected to be valued in the billions.
In January, the company was seeking buyers for the two
partially built nuclear units at the V.C. Summer Nuclear Station
in Jenkinsville, South Carolina.
The project was scrapped in July 2017 after two utilities,
Santee Cooper and Scana-owned South Carolina Electric and Gas Co
(SCE&G), had spent about $9 billion developing it.
Brookfield Asset Management ( BAM ) and Santee Cooper did not
immediately respond to Reuters requests for comment.