US strikes $80 billion deal for new nuclear power plants (Reuters)

By Timothy Gardner and Katha Kalia
October 28, 20256:14 PM CDT Updated October 28, 2025

Oct 28 (Reuters) - The U.S. government inked a partnership with the Canadian owners of Westinghouse Electric on Tuesday that aims to build at least $80 billion in nuclear reactors.
***
It also comes as growth in artificial intelligence data centers boosts U.S. power demand for the first time in two decades, straining parts of the grid.

Under the agreement with Westinghouse Electric's owners, Canada-based Cameco (CCO.TO)
and Brookfield Asset Management (BAM.TO), the U.S. government will arrange financing and help secure permits for the Westinghouse reactors.

In return, the plan offers the U.S. government a 20% share of future profits after Westinghouse has paid out profits of $17.5 billion to Brookfield and Cameco. The U.S. government could turn that profit into an equity stake of up to 20% and require an initial public offering of Westinghouse by 2029 if its value surpasses $30 billion, the companies said.

The plan was announced after Trump, who is on a trip to Asia, said in Tokyo that Japan will provide up to $332 billion to support infrastructure in the U.S., including construction of Westinghouse AP1000 reactors and small modular reactors.
***
more: https://www.reuters.com/business/energy/westinghouse-electric-cameco-corp-brookfield-asset-management-80-bln-nuclear-2025-10-28/

Oh crap ... I hate to see Turnip being the one to make these decisions, because you ****KNOW**** he will find a way to ROYALLY FUCK IT UP. Money in his pocket, at the expense of inept planning and quality control, seems like the least we can expect. We'll probably get a working reactor or two, and a pile of half (at best)-finished white elephants built in the wrong places with the wrong technologies. A ten-fold cost overrun is pretty much taken for granted.

Wonder what will happen to this program when AI balloons start bursting, taking billion$$$$ with them.

I would dearly love to be proven wrong.