Santee Cooper vs. SCANA – Which ratepayers will pay more?

Energy
June 27, 2018

New economic analysis from Palmetto Promise Institute provides first insight into costs Santee Cooper ratepayers must pay versus SCE&G customers While much of the failed V.C. Summer nuclear debacle’s attention has been focused on SCE&G parent company SCANA and its customers, a newly released economic analysis from the Palmetto Promise Institute finds it is Santee

Can you ace the Santee Cooper Quiz?

Energy
June 1, 2018

When the SCANA/Santee Cooper project to expand the V.C. Summer nuclear station whimpered to an end last summer, it left a $9 billion hole in the ground. But there’s a larger crater. That’s the huge gap in knowledge among Palmetto State citizens about Santee Cooper. To fill this knowledge gap, Palmetto Promise Institute developed “The

Even if you rely on Duke Energy for power, Santee-Cooper’s fate will affect you

Energy
May 27, 2018

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

Santee Cooper Resource Center

Energy
May 24, 2018

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. Since then, the Columbia and Charleston-area media have fixated on Cayce-based SCANA/SCE&G, leaving Palmetto Promise Institute and others to research the impact

NextEra — utility eyeing Santee Cooper — still ‘on the hunt’ after buying Florida power company

Energy
May 21, 2018

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

Santee Cooper costs will only rise

Energy
May 8, 2018

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.

Why Santee Cooper’s customers pay a way lower nuclear surcharge than SCE&G’s

Energy
April 17, 2018

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,

In Final Days Of Session, South Carolina Lawmakers Seek To Help Ratepayers Facing Billions In Debt

Energy
April 14, 2018

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