John McDermott

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The global investment firm that’s looking to finish the two partly built reactors at the V.C. Summer nuclear power plant has set a timetable for the next review phase, including loan application deadlines and the date of its “final investment decision.” Santee Cooper Deputy CEO Michael Finissi said Brookfield Asset Management will disclose whether it will commit about $2.7 billion to revive the long-idled Fairfield County project by March 31, 2028.

An electric carmaker partly owned by Volvo Cars announced it is being forced to pull out of the U.S. market, throwing a wrench in its plan to ramp up production in South Carolina. Polestar Automotive Holding said last week that the U.S. Commerce Department has banned it from selling vehicles in the United States under a crackdown on the use of web-connected cameras and other data-collection devices that Chinese or Russian adversaries could exploit.