Legislators to decide Santee Cooper’s fate amid legal setbacks

Energy
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

Energy
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

Energy
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.

Santee Cooper’s “fact check” fallacies

Energy
Blog · 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.

Did you miss the big tax and energy news?

Energy
Blog · January 4, 2019

During those mad, mad days at the end of December, known as the Christmas holiday news hole, a number of bombshells dropped. Here are two that you will want to know about. Progress on the sale of Santee Cooper. Avery Wilks of The State reports that on the day before the state Public Service Commission