Senators Skeptical About Plans

To sell Santee Cooper

Patrick Gentry
March 13, 2019 - 10:40 am
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Several senators on a special committee considering whether to sell South Carolina's state-owned utility seem skeptical about plans by potential buyers to import cheaper power into the state.

Several senators asked Santee Cooper executives Tuesday about the utility's transmission grid. They showed a map showing Santee Cooper's limited tie-ins with neighboring utilities.

Santee Cooper Chief Operating Officer Marc Tye says the Savannah River prevents easy links with Georgia and the utility has limited links to Duke Energy and what used to be South Carolina Electric & Gas before its merger with Dominion Energy.

The senators are studying a consultant's report that says there are at least three offers to wipe out Santee Cooper's $8 billion in debt and reduce the amount of rate increases. The bids suggest importing cheaper power.

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