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

Report: Santee Cooper bills could rise by up to $750 a year

Energy
March 21, 2018

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

New report shows dangers of state holding on to Santee Cooper

Energy
March 21, 2018

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?

Failed nuclear project will raise customers’ power bills, Santee Cooper says

Energy
March 21, 2018

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

Santee Cooper electric rates will rise sharply because of nuclear project

Energy
March 20, 2018

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

Santee Cooper’s Uncertain Future

Energy
March 20, 2018

A Historical, Policy, and Financial Analysis of the South Carolina Public Service Authority This is the executive summary of a larger report. Download the full report here (49 pages). As the sheer magnitude of the V.C. Summer Units 2 and 3 nuclear abandonment, the largest financial disaster in South Carolina history, comes more into focus,

Breaking: Santee Cooper econometric analysis coming next week

Energy
March 13, 2018

On Tuesday, March 20, Palmetto Promise Institute will present its analysis of the current state and future prospects for Santee Cooper, the state-owned utility known officially as The South Carolina Public Service Authority. Palmetto Promise scholars and a specially-empaneled team of research economists will present its report “Santee Cooper’s Uncertain Future: A Historical, Policy and