financetom
Business
financetom
/
Business
/
Santee Cooper in talks to sell inactive reactors to Brookfield, WSJ reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
NanoXplore Reports Higher Fourth-quarter Revenue, Wider Loss
NanoXplore Reports Higher Fourth-quarter Revenue, Wider Loss
Sep 25, 2024
05:32 PM EDT, 09/18/2024 (MT Newswires) -- NanoXplore ( NNXPF ) after trade Wednesday reported higher fourth-quarter revenue and wider loss. The graphene company's loss for the quarter stood at $2.4 million compared with $2 million a year ago. Total revenue rose 14% to $38.1 million from $33.3 million a year earlier. Growing our graphene and graphene-enhanced materials sales mix...
BRIEF-Seiko Epson Corp - Notice On Acquisition Of Equity Interest In Fiery, Llc (Specified Subsidiary
BRIEF-Seiko Epson Corp - Notice On Acquisition Of Equity Interest In Fiery, Llc (Specified Subsidiary
Sep 25, 2024
Sept 19 (Reuters) - Seiko Epson Corp ( SEKEF ): * SEIKO EPSON CORP ( SEKEF ): NOTICE ON ACQUISITION OF EQUITY INTEREST IN FIERY, LLC (SPECIFIED SUBSIDIARY * SEIKO EPSON CORP ( SEKEF ): WILL ACQUIRE ALL EQUITY INTERESTS OF FIERY, LLC FOR ABOUT 84.5 BILLION YEN Source text for Eikon: Further company coverage: (Reporting by Tokyo Newsroom) ...
Essex Property Trust Insider Sold Shares Worth $809,325, According to a Recent SEC Filing
Essex Property Trust Insider Sold Shares Worth $809,325, According to a Recent SEC Filing
Sep 25, 2024
05:42 PM EDT, 09/18/2024 (MT Newswires) -- Anne Morrison, Executive Vice President, Chief Administrative Officer & General Counsel, on September 16, 2024, sold 2,571 shares in Essex Property Trust ( ESS ) for $809,325. Following the Form 4 filing with the SEC, Morrison has control over a total of 2,321 shares of the company, with 2,321 shares held directly. SEC...
Insurer AIG names Keith Walsh as finance chief
Insurer AIG names Keith Walsh as finance chief
Sep 25, 2024
Sept 18 (Reuters) - Insurer American International Group named industry veteran Keith Walsh as its executive vice president and chief financial officer on Wednesday, effective Oct. 21 this year. Walsh has over two decades of experience in finance leadership and had earlier served as the CFO of Marsh, a unit of Marsh McLennan ( MMC ). He had also worked...
Copyright 2023-2026 - www.financetom.com All Rights Reserved