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Attack of the Zombie Debt

Some 13% of companies may be zombies. (Source) Zombie. A word reserved for Halloween no more. Zombies have hit Corporate America. Defining a zombie company depends on which finance person is asked. Here’s a Fortune magazine version:…
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Utilities: A Capital Intense Business

Intense is a good word for the electric utility business. Capital intense to be specific. Capital flexibility is another and may be even a better way to look at corporate financial health and the ability to serve utility customers. Capital…
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Santee Cooper Coal Plan Requires More Energy

Coal powered the past and now makes way for the future. Santee Cooper should get ahead of the trend. Mines are closing, mining companies going under, and coal generation plants have been closing in the Carolinas and throughout the country.…

Is an SC Pipeline a Pipe Dream?

Santee Cooper’s business forecast relies heavily on natural gas as a fuel for power generation. That may be less a forecast and more a pipe dream. According to the plan: “Roughly 50% would be owned or purchased natural gas generation,…
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Looming Santee Cooper Debt Could Be Eliminated

Santee Cooper. It has been the debt. It still is the debt. Customers continue to be on the hook.  Santee Cooper’s business forecast lacks action. The recently released Santee Cooper business forecast released September 9 said, in part: “The…
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Plan the Work, Then Work the Plan to Benefit Santee Cooper Stakeholders

“Plan your work, then work your plan.” Common words of wisdom about managing a problem or project.  Many organizations followed that philosophy. Serves them well. Lots of logic to it. A plan has been created by the state to handle…
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"A Billion Here, A Billion There..."

“A billion here, a billion there, and pretty soon you're talking about real money.” That comment is from more than a half a century ago, attributed to a US Senator* when he was talking about rampant spending. Billions are real…
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Santee Cooper Names Two New Executives

Santee Cooper has named two new executives. Mark Bonsall as CEO and Charles Duckworth as Deputy CEO. These are a new names in the Carolinas. Until his 2018 retirement, Bonsall was the chief executive of the Salt River Project [SRP], a…
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Santee Cooper On the Downhill Slide Again

“South Carolina-owned Santee Cooper took another rating hit due to ongoing legal and political problems related to its ownership share in a shelved nuclear reactor project.” That is the lead sentence from Bond Buyer magazine this week…
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Taking Steps Forward in the Santee Cooper Situation

The South Carolina legislature is moving ahead in the potential sale of Santee Cooper. For good reason. Governor McMaster in his State of the State Address made it pretty clear that Santee Cooper is saddled with immense debt, in large…