Posts

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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…
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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…
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"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…

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. …
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Save Santee Cooper by Selling It

Why struggle when a solution is available? Why owe billions of dollars when a resource is available with the ability to handle that kind of money? Why debate at length a question that has been posed and researched by the South Carolina legislature? Beginning…

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…
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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…
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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…
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Be Well - Sell

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…
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People Power is Especially Important NOW in SC Electric Cooperatives

It’s electric cooperative annual meeting season, so customers (co-op members) may be planning to attend the meeting that elects leaders and determines the future of their organizations. Especially true in South Carolina. ECC hopes members…