The South Carolina General Assembly will soon hear buyout offers for Santee Cooper. Following a two-hour meeting, according to The State, state lawmakers contracted with a consulting firm on October 17 to study the sale of the state-owned utility as well as field prospective candidates for its purchase. The firm, ICF International, will serve as
It’s been over a year since Santee Cooper and SCE&G (SCANA) pulled the plug on its V.C. Summer nuclear project. But an alarming number of South Carolinians are still in the dark on the details of that failed gambit.
The mood in the room was tense but orderly as SCE&G ratepayers from around Columbia waited their turn to testify before the South Carolina Public Service Commission (PSC), the body legally charged with regulating South Carolina’s monopoly investor-owned utilities. Recurring calls for justice, accountability and energy competition emerged as seniors, business owners and activists testified
Last week, Santee Cooper finally got their day in court. Interim President & CEO James (Jim) Brogdon, Jr. along with General Counsel Mike Baxley, CFO Jeff Armfield and Senior Vice President for Corporate Services Pamela Williams appeared before the General Assembly’s Public Service Authority Evaluation & Recommendation Commission to update the legislature on the state of their agency and to be cross-examined by a panel that included the Governor himself.
When the SCANA/Santee Cooper project to expand the V.C. Summer nuclear station whimpered to an end last summer, it left a $9 billion hole in the ground. But there’s a larger crater. That’s the huge gap in knowledge among Palmetto State citizens about Santee Cooper. To fill this knowledge gap, Palmetto Promise Institute developed “The
On Tuesday, March 20, Palmetto Promise Institute will present its analysis of the current state and future prospects for Santee Cooper, the state-owned utility known officially as The South Carolina Public Service Authority. Palmetto Promise scholars and a specially-empaneled team of research economists will present its report “Santee Cooper’s Uncertain Future: A Historical, Policy and
Most of the population of The Peach State has multiple choices for both natural gas and electricity. So why don't South Carolina residents also have multiple choices for power?
Will South Carolina leaders learn the lessons of the V.C. Summer nuclear debacle? Or will South Carolina taxpayers continue to foot the bill for "business as usual" in Columbia?
"It does not make either economic or political sense to continue with a regime that in the long term would benefit virtually no one.” That 22-year old prediction about Santee Cooper rings all too true as ratepayers pony up for the V.C. Summer nuclear debacle.
