New Report: Santee Cooper Financial Analysis from PPI Economist

Energy
September 24, 2020

Download this report MEMORANDUM TO: State Leaders FROM: Kathleen Grace, PhD, Clemson Economics Associates DATE : September 24, 2020 SUBJECT: Independent Financial Analysis of Santee Cooper By way of introduction, I am Kathleen Grace, PhD. I earned my B.A. in Economics and Finance from Wofford College in 2006 and my PhD in Quantitative Economics from Clemson University

Potential last-ditch efforts by Santee Cooper ahead of report release

Energy
February 4, 2020

Before the bell rang on the 2019 legislative session, lawmakers passed a bill that set the stage for a potential sale of Santee Cooper in 2020. The bill stipulated that the Department of Administration would receive proposals to (1) sell the state-owned utility, (2) management offers, and (3) a proposal from Santee Cooper to reform themselves.

Tale of the Century

Energy
September 20, 2019

The manufacturing process for Century Aluminum is extremely electricity dependent, requiring at full capacity 400 megawatts of electricity per year. That level of use (400 megawatts would power 80,000 homes) means that electricity is about 40% of the cost of operating the plant, its single highest expense. Unfortunately, high energy costs risk putting it out of business.

Santee Cooper’s “fact check” fallacies

Energy
August 16, 2019

Earlier this summer, Palmetto Promise Institute conducted an in-depth study of aspects of Santee Cooper’s finances. Due to the opaque nature of Santee Cooper’s finances, our research was based on Santee Cooper published sources, legal filings, correspondence to elected officials, legislative hearings, and the reporting of The State and The Post & Courier.