Brookfield in Advanced Talks for Massive Nuclear Project in South Carolina

Santee Cooper, a big power provider in South Carolina, is in advanced talks to sell two inactive nuclear reactors to Brookfield Asset Management that could power data centers underpinning the AI boom. The provider’s board signed off on Brookfield’s proposal Friday, allowing the two parties to enter exclusive talks to complete terms over the coming weeks, Santee Cooper executives said. The Wall Street Journal reported earlier this year that Santee Cooper had tapped bankers to look for buyers for its nuclear assets.

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