Posts

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

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…
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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.…
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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…

"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…

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…
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“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…

In Economic Development the Bottom Line Is THE Bottom Line

Utilities are old hands at economic development. Have been for years for good reason. It is enlightened self-interest: A better business environment brings a more stable economy, good workforce and more predictable sales for the business…
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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.…
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Could Santee Cooper Debt Climb $300,000,000 More?

A million dollars a day is being added to Santee Cooper’s debt for the unfinished nuclear facility and its utility operations. ECC wrote about that just a few weeks ago. Here’s a twist on that: Some news reports say the South Carolina…
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Clock is Ticking to Sell Santee Cooper, Handle the Debt

A sale of Santee Cooper might be closer to a reality, and so may be a way out of the $9 billion of debt Santee Cooper customers would have to pay. The marketplace is working. “A strong market for sale exists,” said the report commissioned…