COLUMBIA, S.C. — The V.C. Summer Nuclear Project is one step closer to being revived, as state-owned utility Santee Cooper takes a major step toward handing the project to a private company.

Santee Cooper has issued a letter of intent to Brookfield Asset Management to finish construction of two V.C. Summer nuclear reactors.

“Folks with great access to capital, no risk to the to the consumers here in South Carolina and potential relief, as well as economic development,” said Santee Cooper CEO Jimmy Stanton.

Work on the reactors was abandoned in 2017 after customers had spent billions of dollars to fund their construction. Company leaders say the new plan aligns with former President Trump’s executive order encouraging the completion of partially started nuclear projects.

Stanton said t

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