Using analysis rather than backroom deals is the only way to achieve the best deal for ratepayers as they continue to bear the brunt of Santee Cooper’s $7 billion debt.
We have willing buyers and the state needs cash due to the ongoing fallout from the COVID-19 pandemic. Let’s drive a hard bargain for SC taxpayers and turn Santee Cooper over to private enterprise.
Perhaps 2021 is the year the General Assembly will finally take a business approach ---rather than a political approach -- to Santee Cooper. For the sake of beleaguered ratepayers (and taxpayers), I hope we are back at the negotiating table soon.
Will the South Carolina General Assembly cure Santee Cooper? Or will it ignore the gravity of the debt and simply ramp up the pain-killers?
Santee Cooper recently published a long memo purporting to rebut Palmetto Promise Institute research. Their response pointed out distinctions, but not actual factual differences. Our full response may be found here.
Competition to Lower Costs for Consumers These 6 recommendations are drawn from the Palmetto Promise Playbook report. You can view our 2021 policy agenda for other issues by clicking below. Education | Healthcare | Work, Justice, & Quality of Life | Tax & Budget FISCAL RESPONSIBILITY TO PROTECT RATEPAYERS Sell the
You may have heard of the troubles of Santee Cooper, South Carolina’s state-owned utility. But, how much do you remember since the V.C. Summer meltdown (2017)? Why should you care in 2021? Here’s the lay of the land in just ten questions: 1. Who owns Santee Cooper? Who approves electricity rate increases? Answer: Santee Cooper,
One of the pillars of the Palmetto Promise Institute Freedom Agenda is Energy. We know that for free enterprise to flourish and jobs to be created, business and industry must have access to the most affordable energy available. This is particularly important in South Carolina, where utility bills are the highest in the country. Our
July 31, 2017. That was the infamous day that investor-owned SCANA and state-owned Santee Cooper announced that they would abandon Units 2 and 3 of the VC Summer nuclear project in Fairfield County. SCANA had investors to bear the enormous debt left behind. Santee Cooper had only ratepayers to turn to. Since then, Palmetto Promise has
Download this report MEMORANDUM TO: State Leaders FROM: Kathleen Grace, PhD, Clemson Economics Associates DATE : September 24, 2020 SUBJECT: Independent Financial Analysis of Santee Cooper By way of introduction, I am Kathleen Grace, PhD. I earned my B.A. in Economics and Finance from Wofford College in 2006 and my PhD in Quantitative Economics from Clemson University