Santee Cooper

Santee Cooper
July 30, 2019 - 10:35 am
The South Carolina Department of Administration issued the following press release Tuesday. COLUMBIA, S.C. — Through a competitive procurement process and in compliance with Public Service Authority Joint Resolution (Act 95 of 2019), which concerns the future of the South Carolina Public Service...
Read More
Patrick Gentry
May 03, 2019 - 11:28 am
The South Carolina Senate has decided to allow a state agency to seek offers to sell state-owned utility Santee Cooper. Lawmakers voted 42-1 Thursday for the bill's passage after several days of debate. The proposal would require the Department of Administration to establish a competitive bidding...
Read More
Patrick Gentry
March 26, 2019 - 3:06 pm
With seven weeks left in the legislation session. South Carolina lawmakers are suddenly trying to move fast on the future of state-owned utility Santee Cooper. There were five legislative meetings scheduled Tuesday on the utility. A House subcommittee passed a resolution Tuesday that originally...
Read More
Patrick Gentry
March 25, 2019 - 12:17 pm
The South Carolina House appears to be ready to give quick consideration to a bill to hire experts to seek bids to buy state-owned utility Santee Cooper. A proposal filed Thursday would give experts if hired permission to seek one best and final offer and submit it to the General Assembly. A...
Read More
Patrick Gentry
February 05, 2019 - 12:14 pm
Four of the 15 offers made to buy South Carolina's state-owned utility met all the criteria set by the consultant lawmakers hired to review the bids. The report from consultant ICF says three would pay off Santee Cooper's $8 billion of debt, much of it coming from two failed nuclear reactors. The...
Read More
Patrick Gentry
January 31, 2019 - 12:35 pm
A state-owned electric utility in South Carolina has offered directors all expenses-paid weekends at its Wampee Conference Center for decades, with trip costs totaling about $25,000 annually in recent years. The Post and Courier reports Santee Cooper directors voted Monday to suspend the practice...
Read More
Patrick Gentry
December 28, 2018 - 4:50 pm
South Carolina's state-owned utility is suing its partner in a failed nuclear project, saying the privately owned South Carolina Electric & Gas committed fraud and misconduct that caused billions of dollars to be wasted on the unfinished reactors. The lawsuit, filed this week, is the harshest...
Read More
South Carolina Radio Network
August 08, 2018 - 7:40 am
AUGUST 7, 2018 BY SOUTH CAROLINA RADIO NETWORK South Carolina senators are suing to block Gov. Henry McMaster’s appointment to lead state-owned utility Santee Cooper’s board. The governor tapped former state attorney general Charlie Condon as chairman of the utility’s board last month after...
Read More
Patrick Gentry
June 25, 2018 - 4:17 pm
State-owned utility Santee Cooper is asking the South Carolina Supreme Court to resolve a dispute with electric cooperatives. Santee Cooper asked the Supreme Court on Monday to determine whether the electric cooperatives must pay their share for a failed nuclear project. SCE&G and Santee Cooper...
Read More
March 22, 2018 - 3:49 pm
A new thinktank report estimates state-owned power utility Santee Cooper’s electric rates will go up significantly as a consequence of a failed nuclear project. While the utility has kept rates the same since the V.C. Summer expansion project was shut down last year, the report from the...
Read More

Pages