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Santee Cooper in talks to sell inactive reactors to Brookfield, WSJ reports
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Santee Cooper in talks to sell inactive reactors to Brookfield, WSJ reports
Oct 24, 2025 10:01 AM

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.

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