Efforts to complete two partially constructed nuclear reactors in South Carolina took a big step forward in October as the state-run utility, Santee Cooper, chose Brookfield Asset Management to oversee their construction and potential completion.
ALSO READ: South Carolina considers reviving failed $9B nuclear project
Construction on the reactors at the Virgil C. Summer nuclear plant in Jenkinsville was abandoned in 2017 after massive cost overruns and a series of delays. The developer Westinghouse declared bankruptcy, executives from South Carolina Gas and Electric as well as Westinghouse were indicted on fraud charges and ratepayers were left to pay a $9 billion bill for power that never came online…