Santee Cooper Seeks Buyers for Incomplete South Carolina Reactors

Santee Cooper Seeks Buyers for Incomplete South Carolina Reactors

January 24, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--In 2017, there were four nuclear reactors under construction at two plants in the U.S., but by the end of the year, that figure was down to the two reactors being built by Southern Company (NYSE:SO) (Atlanta, Georgia) at the Vogtle Nuclear Generating Plant in Georgia. That project went substantially overtime and, with a price tag in excess of $30 billion, ended up being more than twice than original cost estimates.

To avoid similar results, the owners of the two reactors under construction in South Carolina cancelled their project less than 40% into construction. Now, they are looking to sell.

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