The Globe and Mail reports in its Saturday edition that a White House push for nuclear energy means Brookfield is about to test one of its core claims: that it excels at managing risk.
The Globe's Matthew McLearn writes that the Virgil C. Summer Nuclear Station, in Fairfield County, S.C., is a graveyard for nuclear dreams. It's been called the biggest business failure in South Carolina's history.
About 30 workers from Westinghouse are reviewing 5,200 boxes of documents in a warehouse. These documents, generated during the halted construction in 2017 due to delays and cost overruns, are being examined to determine what's needed to complete the project.
Eight years after its purchase of Westinghouse, Brookfield stands to reap a huge windfall that would validate its nuclear gambit.
Santee Cooper, the state-owned utility, selected Brookfield Asset Management as its preferred buyer for the incomplete units. This opportunity squares well with President Donald Trump's ambition to reinvigorate the American nuclear sector, and he has publicly identified Westinghouse reactors as a preferred choice for construction.
Brookfield must deliver what the U.S. nuclear industry's best and brightest could not.
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