V.C. Summer Nuclear Reactors Completion Project

planned

Brookfield Asset Management is negotiating to pay Santee Cooper $2.7 billion to finish the two partially completed nuclear reactors at V.C. Summer in Fairfield County, South Carolina. The payment would be used to pay down the debt incurred from the initial construction, which customers have been paying off despite no energy being generated. The deal could result in a reduction or offsetting of electric rates for consumers, although other costs like a new natural gas plant may affect overall rates.