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It’s Spring and Debt Relief Is In the Air!

From Scott Carlberg Last week the South Carolina House and Senate both started down a road to sell Santee Cooper and relieve the massive debt hanging over the heads of consumers. Now, the legislature needs to complete that journey by closing the sale.  That’s the only outcome that will provide a financial benefit to South Read more about It’s Spring and Debt Relief Is In the Air![…]

Santee Cooper Sale: Take Action, Or…

The government of South Carolina can lift the $9 billion debt anvil off Santee Cooper customers and the citizens. And now it may be taking action. On March 20 Senator Harvey Peeler filed a bill to allow the Governor to sell Santee Cooper. As this blog posts the bill is being considered in the Finance Read more about Santee Cooper Sale: Take Action, Or…[…]

“This Time It’s Different” – Mighty Expensive Words for Santee Cooper

“This time it’s different.” You have heard people say it, typically when something goes wrong and they are going to try again, the same way. The phrase has made people stay the course when their actions failed. They do precisely the same thing but expect a different result. ECC believes it applies to the ownership Read more about “This Time It’s Different” – Mighty Expensive Words for Santee Cooper[…]

Will Nuclear Costs Be a Family Budget Buster?

Paying for essential energy needs should not be a family’s budget buster. Lots of family needs compete for the same dollars – education, replacing a car, work clothes, groceries, trying to save for retirement. Budgets are top of mind. The General Assembly of South Carolina makes decisions soon about the sale of Santee Cooper. That Read more about Will Nuclear Costs Be a Family Budget Buster?[…]

A Giant Pothole of Debt

About a million dollars a day is being added to Santee Cooper’s debt for the unfinished nuclear facility in South Carolina as well as its utility operations. Money owed by the customers of Santee Cooper. That money goes to pay the costs already incurred for construction, materials and financing. The debt is like big potholes Read more about A Giant Pothole of Debt[…]

SC Debt: A Million Dollar Decision. Time’s Up.

A story in The State says, “The 177,000 customers that Santee Cooper directly serves now are paying about $5.35 a month, on average, for the failed [V.C. Summer] nuclear project. Barring a sale or another major change, that eventually will rise to $13.33 a month.” It adds up to real money, out of customers’ real pockets, Read more about SC Debt: A Million Dollar Decision. Time’s Up.[…]

Debt, Sale of Santee Cooper Are Energy Priorities

The list of electric energy decisions in South Carolina is reduced by one. On January 2, 2019, the merger between SCANA and Dominion is done. Southeast Energy Group is the new name for the company that was South Carolina Electric and Gas. Next, the possible sale of Santee Cooper and how the wallets of customers Read more about Debt, Sale of Santee Cooper Are Energy Priorities[…]

SCANA / Dominion Merger Approved. What’s Next? Debt

The South Carolina Public Service Commission approved the merger between SCANA and Dominion Energy December 14. That move, “All but guarantees that Dominion Energy will take over SCANA and electric and gas businesses in South Carolina, North Carolina and Georgia,” said financial publication Market Screener after the decision. Nuclear debt is not decided in the PSC decision, though. It is one step Read more about SCANA / Dominion Merger Approved. What’s Next? Debt[…]

Santee Cooper Debt – Clean the Slate

“A clean slate.” The term is often used at the start of a new year. It means to start fresh, to be rid of debt. Or, to get people on an even footing. That may not be the exact phrase used about Santee Cooper’s nuclear debt and how it can impact customers, though it is Read more about Santee Cooper Debt – Clean the Slate[…]

When it Comes to Santee Cooper, Legislators Should Keep their Eyes on the Ball

As an entrepreneur and mother, “follow through” and “focus” are two of life’s most important lessons which I acquired from playing tournament, high school, and college tennis. As I prepare for this season’s final tennis match tonight, I remind myself how important it is to keep my eye on the ball. And then I wonder Read more about When it Comes to Santee Cooper, Legislators Should Keep their Eyes on the Ball[…]