July 31, 2017. That was the infamous day that investor-owned SCANA and state-owned Santee Cooper announced that they would abandon Units 2 and 3 of the VC Summer nuclear project in Fairfield County. SCANA had investors to bear the enormous debt left behind. Santee Cooper had only ratepayers to turn to. Since then, Palmetto Promise has
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
FOR IMMEDIATE RELEASE September 24, 2020 Media Contact: Lawson Mansell Policy Content Manager (843) 694-1540 lawson@palmettopromise.org New Analysis: Santee Cooper at Mercy of Credit Market Columbia, SC. (September 24, 2020) – A scholar with Palmetto Promise Institute (PPI), the most prolific publisher of independent analysis on Santee Cooper, today released a new report on the state agency. The study, written as a Memorandum to state leaders by Dr. Katie Grace of Clemson Economics
This Op-Ed, written by PPI Senior Fellow Oran Smith, PhD, was originally published in The Post & Courier. The graphic was created by PPI and not included in the Post & Courier’s publication. Click to enlarge. In the case of Jessica Cook et al., a South Carolina court approved a settlement between state-owned Santee Cooper,
This op-ed was written by Palmetto Promise Senior Fellow Dr. Oran Smith and was published in the Spartanburg Herald-Journal. Because I registered my opinion way back in 1994, surely I was among the first to call for the state to sell Santee Cooper and get out of the utility business. But that said, my opinion
I was among the first to call for the state to Sell Santee Cooper and get out of the utility business. This call came not under Governor Henry McMaster (2017) or even under Governor Mark Sanford (2002), but in the 1990s when I was asked to contribute ideas to a bipartisan policy manual for Governor-Elect
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
Palmetto Promise’s Oran Smith and board chair Phil Hughes are quoted in this Forbes pieces comparing California and South Carolina’s approach to their utilities. To learn more about the research referenced in this article, click here. By Patrick Gleason, Forbes Contributor California lawmakers and state officials recently went through a very high profile failure in
Earlier this week, the state Department of Administration (DOA) released its long-anticipated report presenting three possible options for the future of Santee Cooper.
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
