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
It’s been over a year since Santee Cooper and SCE&G (SCANA) pulled the plug on its V.C. Summer nuclear project. But an alarming number of South Carolinians are still in the dark on the details of that failed gambit.
The mood in the room was tense but orderly as SCE&G ratepayers from around Columbia waited their turn to testify before the South Carolina Public Service Commission (PSC), the body legally charged with regulating South Carolina’s monopoly investor-owned utilities. Recurring calls for justice, accountability and energy competition emerged as seniors, business owners and activists testified
This article was originally published on WTLX19 on March 21, 2018. Santee Cooper says they don’t plan on raising rates until 2020 to help pay for nuclear costs created by the failed reactor project at VC Summer. Santee Cooper’s customers will not see increased electric rates until 2020. Recently there’s been reports that the state-owned
Last week, Santee Cooper finally got their day in court. Interim President & CEO James (Jim) Brogdon, Jr. along with General Counsel Mike Baxley, CFO Jeff Armfield and Senior Vice President for Corporate Services Pamela Williams appeared before the General Assembly’s Public Service Authority Evaluation & Recommendation Commission to update the legislature on the state of their agency and to be cross-examined by a panel that included the Governor himself.
This article was originally published by Energy Consumer of the Carolinas on August 7, 2018. I recently took the “Can You Ace the Santee Cooper Quiz?” Will you please take it too? I cried. No, I was not worried about my personal performance or grade. And although the sound was the same, I was not reminded of
This article was originally published by the Post and Courier on July 19, 2018. I’ve spent my career buying, revitalizing, developing and sometimes selling businesses. For better or worse, the numbers always tell the true story. If I’m not committed to fiscal responsibility and smart financial management, my company fails — and the last thing