Post #503 by mdtls on the Brookfield Corporation board

Stocks A to Z / Stocks B / Brookfield Corporation (BN)

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https://www.barrons.com/articles/the-low-hanging-f...

Brookfield Asset Management won a bidding process on Friday to complete two nuclear reactors in South Carolina that had been stopped midway through construction in 2017.

The restart would be the most dramatic example yet of a nuclear comeback in the U.S. The South Carolina project was considered a symbol of nuclear’s failures—it was abandoned for financial reasons, and some executives involved with the original project pleaded guilty to fraud charges. Electricity customers were left on the hook for billions of dollars worth of costs, even though they weren’t even getting any power from the reactors. It was casually referred to as “nukegate.”

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