CHARLESTON — The global investment company looking to purchase the partly competed reactors at the V.C. Summer plant is offering $2.7 billion for the unfits.

Santee Cooper CEO Jimmy Staton on Dec. 8 recommended the state-owned utility's board approve a memorandum of understanding with Brookfield Asset Management to move onto the next phase of the sale.

The agreement will expire June 26, 2026.

The board approved the terms unanimously late Monday morning.

Santee Cooper re-energized South Carolina’s once-dimmed nuclear-power ambitions on Oct. 27 when it signed a letter-of-intent with the Brookfield with the ultimate goal of finalizing an agreement.

The move capped a nine-month search for a buyer or buyers willing and able to finish the two partly built nuclear reactors that have been mo

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