Free Republic

A South Carolina utility wants to restart construction on a power plant that was mothballed eight years ago after running over budget and pushing an iconic American company into bankruptcy. Hoping to capitalize on the data center power boom, state-owned utility Santee Cooper is looking for partners to help finance and complete the two reactors at the Virgil C. Summer Nuclear Power Station, the Wall Street Journal reports. Virgil C. Summer Nuclear Power Station is a single reactor power plant. Santee Cooper was spearheading the construction of two new reactors, an expansion that began in 2008. The unfinished project was...

Warren Buffett's Berkshire Hathaway Inc. is reaching into its deep pockets to give a steadying hand to Constellation Energy Group Inc. and, at the same time, grab a bargain. Berkshire's MidAmerican Energy Holdings Co. said Thursday it will buy Baltimore-based Constellation for $4.7 billion and give it an immediate $1 billion infusion after shares of the nation's largest wholesale power seller plummeted and liquidity concerns had analysts worried it would go out of business. "Obviously we're in unprecedented times," MidAmerican President and CEO Gregory Abel said. "Liquidity and solvency issues are a top priority for many companies. We don't have...