Santee Cooper, a South Carolina utility, aims to restart construction on the Virgil C. Summer Nuclear Power Station, halted in 2017 after costs soared from $9.8 billion to $25 billion. The initial project’s failure contributed to Westinghouse's bankruptcy and resulted in legal issues for executives at SCANA. Amidst renewed interest in nuclear power due to rising energy demands from AI data centers, Santee Cooper is now seeking partners for financing. Recent nuclear projects, like Microsoft’s deal at Three Mile Island, suggest a potential market for new nuclear capacity.
Despite the troubled history at V.C. Summer, Santee Cooper is optimistic that it'll find buyers as nuclear power experiences a resurgence of interest.
Hoping to capitalize on the data center power boom, state-owned utility Santee Cooper is looking for partners to help finance and complete the two reactors.
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