What Are Green Bonds?

The story: “Duke Energy Progress issued $600 million in bonds to finance eligible green energy projects, including solar energy projects in North Carolina and South Carolina.” (Charlotte Business Journal) What is a green bond? A bond is a financial instrument an organization uses to borrow money. Companies (examples: IBM or Kimberly Clark) and governments (federal, Read more about What Are Green Bonds?[…]

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[…]

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…[…]

South Carolina Energy – A New Kind of March Madness?

Headlines over the past year or so in South Carolina reflect the controversy in the energy industry. Not just controversy, really. Confusion, too. Trying to track the events is perhaps another way to define the term March Madness, just not the basketball variety. The confusion, action and lack of action can drive people mad. This Read more about South Carolina Energy – A New Kind of March Madness?[…]

“More Power!” Say Americans

Our nation generated more electricity in 2018 than ever before. Up 4 percent. What may seem odd is that the last record was in 2007, more than ten years ago. That was before the recession, and the weather in 2018 required more power to meet hotter and colder weather than some previous years. Then there Read more about “More Power!” Say Americans[…]

Santee Cooper Debt – Tick, Tick, Tick … $, $$, $$$$

Debt adds up daily for Santee Cooper because of the VC Summer nuclear project shutdown and other operations. It is a million dollars a day just from the interest that is adding up. ECC has written about the debt for some time. The main point ECC has made about the debt is usually the amount: Read more about Santee Cooper Debt – Tick, Tick, Tick … $, $$, $$$$[…]