Lawmakers call for new leadership at state-owned utility Santee Cooper

Blog · November 17, 2020

PPI’s economic analysis of Santee Cooper is quoted in this article by Vivian Jones of Center Square. (The Center Square) – Two Republican lawmakers are calling for new leadership at Santee Cooper in response to the state-owned utility’s recent issuance of $638 million in debt, announced late last month. Earlier this year, the General Assembly

New Report: Santee Cooper Financial Analysis from PPI Economist

Blog · 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

Benefits outweigh risks in selling Santee Cooper

Blog · March 13, 2020

On July 31, 2017, Santee Cooper and SCE&G announced that they were abandoning work on the expansion of the V.C. Nuclear Station in Fairfield County. Shortly thereafter, Palmetto Promise went to work digging into the financial and policy implications of that decision for taxpayers and ratepayers. PPI has stayed true to our research mission, providing an

Legislators to decide Santee Cooper’s fate amid legal setbacks

Blog · February 5, 2020

On Thursday, The Post & Courier reported that Justice Jean Toal denied Santee Cooper’s request to stop the case against them from remaining a class-action lawsuit. This was a severe blow to Santee Cooper’s court fight over whether or not their customers should shoulder the burden of billions in debt from their failed nuclear project.

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

Blog · 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

Blog · 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.