South Carolina’s state-owned utility is putting a pair of partially built nuclear reactors on the market. Santee Cooper announced Wednesday that it would solicit proposals from potential buyers of the two units,
Santee Cooper, the big power provider in South Carolina, has tapped financial advisers to look for buyers that can restart construction on a pair of nuclear reactors that were mothballed years ago. The state-owned utility is betting interest will be strong,
Santee Cooper plans to seek investors willing to buy the two unfinished reactors it abandoned at the V.C. Summer Nuclear Station more than seven years ago
South Carolina’s abandoned V.C. Summer nuclear project may restart as Santee Cooper seeks private companies to complete it, shifting risks from ratepayers.
Efforts are underway to bring back the V.C. Summer nuclear construction project that cost ratepayers billions of dollars
Utility company Santee Cooper has launched a proposal process to acquire and finish the V.C. Summer Nuclear Units expansion project.
South Carolina's Santee Cooper is seeking buyers to revive construction at the long-abandoned V.C. Summer Nuclear Station to address the surging energy needs of artificial intelligence.
Construction of new reactors at Jenkinsville nuclear plant was abandoned in 2017, costing energy customers millions of dollars
Oil futures finished Thursday at their lowest in two weeks after President Donald Trump said he would ask Saudi Arabia and OPEC to lower oil prices, implying that he would pressure major oil producers to boost output. The oil-and-gas company said that full-year production for 2024 was 258,000 barrels of oil-equivalent a day, up around 40% on 2023.
Nearly a decade ago, the plug was pulled on the controversial VC Summer nuclear project just north of Columbia before any new power was generated.
Shares surged through the $40 level as the stock gained another 20%. Nano Nuclear shares are now trading 75& higher in 2025 and 1,000% higher since its public trading debut in May 2024. Thursday’s rally also brought new all-time highs for Nano Nuclear shares.