Palmetto Promise Institute Responds to DOA Santee Cooper report

Energy
February 11, 2020

Columbia, SC. (Feb. 11, 2020) – Palmetto Promise Institute (PPI), the most prolific publisher of independent analysis of state-owned utility Santee Cooper, issued the following statement in response to the report released this morning by the state Department of Administration (DOA): “The facts of the DOA report are clearly in line with what our two

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.