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

This article was originally published on the Statehouse Report on April 13, 2018. By Lindsay Street, Statehouse correspondent As the state’s annual legislative session enters its final weeks, zero bills tied to the $9 billion debt incurred on the backs of ratepayers for a shuttered nuclear project have been signed into law. But that could

Southerners know the wisecrack that comes up whenever talking about some less-than-stellar state statistic: “Thank goodness for Mississippi.” Sadly, South Carolina’s education system just lost that excuse. On April 10, the National Center for Education Statistics released its 2017 results for the National Assessment of Educational Progress, or NAEP. Also known as the “Nation’s Report

This article was originally published in the WACH Fox 57 on March 21, 2018. The state-owned utility says rates will be going up after the failed nuclear project in South Carolina last year. Media outlets reported that Santee Cooper said Wednesday it expects rates to go up 7 percent because of the decision to abandon

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

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,