Santee Cooper issued a request for proposals to complete the partially built nuclear units to take advantage of growing support for nuclear power, leverage prior investments, and address increasing customer demand for safe, reliable, cost-effective, and carbon-free energy in South Carolina.

The timing aligns with successful completion of Westinghouse AP1000 units in Georgia, growing energy needs in South Carolina, and strong interest from qualified bidders ready to advance the project.

As the chosen bidder, Brookfield Asset Management was selected through a rigorous, competitive bidding process, led by Santee Cooper with Centerview Partners and J.P. Morgan serving as the transaction's financial advisors.

In October 2025, Santee Cooper’s Board of Directors approved a Letter of Intent (LOI) with Brookfield Asset Management to move forward with exclusive negotiations and feasibility evaluation for completion of the units.

We entered a letter of intent with Brookfield Asset Management in October 2025.

We are working towards a Memorandum of Understanding, which would lead to a final stage of due diligence to determine construction feasibility. That stage could take up to 18 months.

The project supports South Carolina’s goal of advancing the development of nuclear power to help meet growing energy demands, as stated in the 2025 Energy Security Act, strengthening grid resilience, and attracting new industries.

The Fairfield units will add approximately 2,200 MW of carbon-free generation capacity, helping diversify the state’s energy portfolio, and ensuring long-term economic security and energy reliability for residents and businesses.

Completion and operation could generate thousands of short-term construction jobs and hundreds of permanent skilled operational positions, as well as significant economic development growth for the state.

The facility will provide carbon-free electricity, which means it will not emit greenhouse gasses.

The project aims to leverage existing site infrastructure and minimize additional environmental impact while supporting clean energy goals.

The project will also follow mandated state and federal regulations to ensure safety and environmental protection.

Successful completion of these units will provide reliable, carbon-free power and enhance  South Carolina’s ability to attract and retain manufacturers, technology firms, and data-intensive industries.

That will strengthen the state’s economic future and its energy independence.