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.
This originally appeared in the Wall Street Journal on March 6, 2018. As a lieutenant in the U.S. Navy Reserves and the most recently deployed member of Congress, I know firsthand that serving in the armed forces requires tremendous sacrifice. As a husband and father of three young daughters, I know the decision to serve
This op-ed appeared in The State newspaper on January 22, 2018. Our nation will spend $623.5 billion on K-12 education this academic year — an average $12,300 per pupil. That per-pupil spending has increased by more than 35 percent over the past 25 years, even after taking inflation into account. Despite all the spending, S.C. test scores on
To achieve real, substantive tax reform, policy makers need a roadmap, good information and determined leadership. The future prosperity of our state and people depends on it.