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

This article was originally published in the WACH Fox 57 on March 21, 2018. The state-owned utility says rates will be going up after the failed nuclear project in South Carolina last year. Media outlets reported that Santee Cooper said Wednesday it expects rates to go up 7 percent because of the decision to abandon

This article was originally published in the Associated Press on March 21, 2018. COLUMBIA, S.C. (AP) — The state-owned utility says rates will be going up after the failed nuclear project in South Carolina last year. Santee Cooper said Wednesday it expects rates to go up 7 percent because of the decision to abandon construction

This article was originally published in the Columbia Business Report on March 21, 2018. An economic analysis by a conservative S.C. think tank suggests that Santee Cooper residential utility bills could increase by anywhere from $167 to $750 annually until the state-owned utility’s V.C. summer-related debt is paid off in 2056. The study, commissioned by the Palmetto Promise Institute, projected

This article was originally published in the Index-Journal on March 21, 2018. It’s been called the largest financial disaster in South Carolina’s history. But just how devastating could things get for Santee Cooper customers if they’re left fully exposed to the utility’s multi-billion debt load borne out of the failed VC Summer nuclear generation project?

This article originally appeared in the The State on March 21, 2018. Santee Cooper said Wednesday that it expects its electric rates likely will rise 7 percent because of its failed nuclear project. A conservative think tank warned Tuesday that S.C. residents served by the state-owned utility could see their power bills soar almost 14

This article originally appeared in the Post & Courier on March 20, 2018. Santee Cooper’s electric rates will rise sharply as the bills for its failed nuclear project come due, more than doubling the monthly payments its customers make into the unfinished reactors. That’s the finding of a new study of Santee Cooper’s future rates

This originally appeared in the Statehouse Report on March 16, 2018. By Lindsay Street, Statehouse correspondent South Carolina could get its first real shot at income tax reform this session or next after more than a decade of talk, said Speaker Pro Tem Tommy Pope, R-York. That’s thanks to a little-known, annual adjustment called conformity

This originally appeared on the Statehouse Report on March 9, 2018. By Joe E. Taylor Jr., special to Statehouse Report The Columbia Business Report recently wrote about a study from WalletHub.com, which claimed that South Carolinians pay the sixth-lowest residential property taxes in the nation. That sounds great. But sadly for taxpayers, it’s not the whole story.