No. of Recommendations: 4
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.”
No. of Recommendations: 1
brookfield surfing the nuclear meme wave, or actually viable under control conditions of westinghouse?
could also be seller's regret on parting with half of westinghouse too cheap.
No. of Recommendations: 1
excellent podcast from 'decoupled' on the brookfield role in america's revived nuclear ambition.
westinghouse seems primed for the position as america's mature nuclear champion.
uh, the small problem is westinghouse in no longer american, as ownership is split between 2 canadian companies.
as long as the enthusiasm continues, there is a runway to westinghouse emerging as a revived american entity, given that brookfield and cameco have enough incentive$ to spin it out. cameco in particular has to balance this with long term benefits of deeper integration.
as to the '$80b deal' with the trump admin and its STEM skills, where the american gov also becomes a significant shareholder, it is as vague and unstructured as anything the gop has ever rolled out.
throw into the mix of promises and obligations by japanese partners and their government, and the most likely outcome seems nothing happens.
hello fox-conn factory fans !
