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Taking Steps Forward in the Santee Cooper Situation

From Scott Carlberg The South Carolina legislature is moving ahead in the potential sale of Santee Cooper. For good reason. Unless sold, Santee Cooper customers will pay higher electricity rates to help pay for a hole in the ground. Governor McMaster in his State of the State Address made it pretty clear that Santee Cooper Read more about Taking Steps Forward in the Santee Cooper Situation[…]

The SC Senate Takes the Next Step on Santee Cooper

The South Carolina Senate voted 42-1 to move ahead and seek bids for the sale, management or reorganization of Santee Cooper. It is a positive step in the process. Discussion. Debate. Steps taken. Those are good. South Carolinians concerned about Santee Cooper’s billions in debt and the way it could impact rates, and their family budgets, Read more about The SC Senate Takes the Next Step on Santee Cooper[…]

Santee Cooper – Whose Debt Is It, Anyway?

Question: When it comes to Santee Cooper, whose debt is it, anyway? Answer: The debt belongs to Santee Cooper, to the customers. The debt was incurred by the decision of Santee Cooper. Check this. From the South Carolina Code about the SC Public Service Authority (Santee Cooper): “Credit and taxing power of the State and its subdivisions shall Read more about Santee Cooper – Whose Debt Is It, Anyway?[…]

“Stay Away from Downed Power Lines”

Severe storms, lightning, tornadoes and straight-line winds made it a challenge to keep the lights on this past week. Hunkering down for the storm is one thing. Staying safe afterwards requires attention, too. A big safety rule: “Stay away from downed power lines. Always assume a power line is energized and dangerous, even when power Read more about “Stay Away from Downed Power Lines”[…]

Make a List, Check It…

Can just anyone possibly buy Santee Cooper? No. The South Carolina government created a list of criteria for a buyer. There are prospective buyers that meet the criteria originally laid out by the SC Legislature for a potential sale.  According to the consultant report about a possible sale, bid consideration criteria to purchase Santee Cooper Read more about Make a List, Check It…[…]

The Santee Cooper Seven

Certain questions come up time after time about Santee Cooper debt and the possible sale of the company. Understandable. The Santee Cooper situation is not typical. The massive debt is not typical. Seven questions come up a lot. Question 1: How much is the Santee Cooper debt? Answer: There have been debt numbers of $8 Read more about The Santee Cooper Seven[…]

Not Everyone Can Pay Higher Rates

Santee Cooper rates to increase. A $13 dollar a month increase in rates is anticipated by Santee Cooper over the next few years, said Santee Cooper (increase rates for the nuclear debt). As consumers are on the hook for the billions in debt it is even more important to get the figures out, consistent and Read more about Not Everyone Can Pay Higher Rates[…]

Be Well – Sell

From Scott Carlberg The financial rating of Santee Cooper relies in a large part on its ability to easily raise rates on customers. No other organization reviews and approves a Santee Cooper raise in rates. The Santee Cooper board is the group that can raise rates. By itself. Are you a customer? As Santee Cooper Read more about Be Well – Sell[…]

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…[…]