Santee Cooper’s Debt is Still Shaping South Carolina’s Power Bills
On July 31, 2017, construction was halted on the V.C. Summer Units II and III nuclear expansion project in Fairfield County. One of the entities responsible for the project’s failure was South Carolina’s state-owned utility, Santee Cooper. After the debacle, Santee Cooper and its V.C. Summer co-owner, SCE&G (now subsumed by Dominion Energy) assumed billions in debt from the failure of the project. SCE&G turned to ratepayers and to Investor-Owned Utility (IOU) Dominion to