This article was originally published by the The State on July 12, 2018. Palmetto Promise Institute has led the call for a Santee Cooper study committee to begin a thoughtful and deliberate process to determine the future of our state-owned utility, so we applaud the General Assembly for taking definitive action to jump start this
This op-ed appeared in The Post and Courier newspaper on July 4, 2018. It’s no secret. South Carolina is bursting with promise. Our breathtaking natural beauty, low cost of living, friendly culture and hard-working people have led to rapid growth in recent years. But even as we celebrate all that’s good about our state, we must
This article was originally published by the Post and Courier on July 1, 2018. Much of the public debate about how to resolve the debacle surrounding the abandonment of two incomplete nuclear reactors in Fairfield County has centered on SCANA and the thousands of South Carolina residents who get their electricity from its subsidiary, SCE&G.
This article was originally published by the Post and Courier on June 28, 2018. Imagine taking $324, stacking it into a pile and lighting it on fire. That’s effectively what the average South Carolina family that buys electricity from SCE&G has been forced to do in the year since two nuclear reactors were abandoned in
This article was originally published by the Greenville News on May 27, 2018. A recent economic analysis released by Palmetto Promise Institute revealed that future utility bills from Santee Cooper – South Carolina’s state-owned utility – must increase anywhere from $166.99 to upwards of $751.03 a year per residential customer for the next 38 years. This
This article was originally published by The Post and Courier on May 21, 2018. The acquisition-hungry utility giant NextEra Energy, which has been eyeing Santee Cooper for months, says it’s still “on the hunt” for a power company after buying one in Florida. NextEra said Monday that it has agreed to purchase Gulf Power, an electric company on
This article was originally published by The State on May 8, 2018. At first glance, Santee Cooper customers seem to be getting a better deal than SCANA customers. However, unlike state-owned Santee Cooper, SCANA has shareholders who can absorb some of the losses from the failed nuclear construction project; Santee Cooper has only debt-holders and customers.
This article was written by Cindi Scoppe and originally published by The State on April 17, 2018. Depending on who you believe, customers of the state-owned utility could see their rates go up by 7 percent or 14 percent to pay for the abandoned nuclear reactors at the V.C. Summer site near Winnsboro. The Palmetto Promise Institute,
This article was written by Patrick Gleason and originally published by Forbes on April 14, 2018. In a debacle that Governing Magazine refers to as “one of the greatest wastes of money in any state’s history,” South Carolina lawmakers are scrambling to address a situation in which Santee Cooper, an 80 year old state-owned utility, and South
This article was originally published on the Statehouse Report on April 13, 2018. By Lindsay Street, Statehouse correspondent As the state’s annual legislative session enters its final weeks, zero bills tied to the $9 billion debt incurred on the backs of ratepayers for a shuttered nuclear project have been signed into law. But that could
