Palmetto Promise has spoken out strongly on what should happen to Santee Cooper, the state-owned partner in the V.C. Summer nuclear debacle. We correctly predicted future rates and provided a hard figure on what Santee Cooper customers will be paying per day over the 38 years it will take to pay off the nearly $15 billion in principal and interest owed.
After initially indicating it was staying out of the debate, the Palmetto Promise Institute (PPI) – a South Carolina think tank founded by former U.S. senator Jim DeMint – signaled its opposition on Thursday to a proposed $15 billion merger between Virginia-based Dominion Energy and crony capitalist utility SCANA. The group’s statement – submitted less than 48 hours before state regulators are scheduled
Since 1969, when state lawmakers passed the Territorial Assignment Act, energy providers in South Carolina have enjoyed monopoly market power over the defined geographical areas in which they operate.
South Carolina Public Radio Afternoon Headlines: November 28 and 29, 2018. Featuring PPI Senior Fellow Oran Smith and state Sen. Tom Davis (R-Beaufort).
Here’s a principled, practical and proven plan to make that happen.
Electricity Choice will lower power bills in South Carolina. Here’s a principled, practical and proven plan to make that happen.
It finally hit me this week. Santee Cooper is a 1970 Pontiac Firebird Trans Am. Very cool then, but just not practical now. At 12.8 miles per gallon, a new driver wouldn’t do the Firebird much good. Likewise, Santee Cooper, with debts right at $15 billion including interest, needs a total makeover, not just new
During testimony before the South Carolina legislature’s Public Service Authority Evaluation and Recommendation Committee this past summer and fall, a number of seemingly insurmountable hurdles to selling Santee Cooper were floated.
On Thursday of this week, the South Carolina Public Service Commission (PSC), the state agency charged with setting rates and generally serving as a tribunal for utilities in South Carolina, held its first hearing on both the Dominion deal and future nuke rates. The PSC is considering whether Dominion Energy, a Virginia-based company, should be
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
