Question · Q3 2025
Mark Jarvey asked if the U.S. government would bear all cost overruns for new nuclear builds and about engagement with other stakeholders. He also questioned the timeline for a binding agreement for the U.S. government partnership.
Answer
Connor Teskey (CEO, BEP) clarified that under the U.S. government partnership, the government bears cost overrun risk and financing, with Westinghouse acting as a technology provider. For other opportunities like Santee Cooper, BEP is exploring socializing cost overruns with various stakeholders, who have shown robust interest. Mr. Teskey stated that the binding agreement for the U.S. government opportunity is expected within 90 days of the announcement, around year-end.
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