Posts

Quick Take – Securitization in Utilities

Securitization of costs or debts. Some utilities and states have it. Let’s describe what securitization is. Most simply: Turning utility costs into bonds. In finance, bonds are a kind of debt already, but not all debt is in the form…
,

The JEA List and Future of Power

Are some public power and water utilities starved for cash or challenged by the depth of resources needed for the future? The question is a natural as the list of companies is revealed to possibly purchase JEA, the Jacksonville, Florida,…
,

Looming Santee Cooper Debt Could Be Eliminated

Santee Cooper. It has been the debt. It still is the debt. Customers continue to be on the hook.  Santee Cooper’s business forecast lacks action. The recently released Santee Cooper business forecast released September 9 said, in part: “The…
, ,

Plan the Work, Then Work the Plan to Benefit Santee Cooper Stakeholders

“Plan your work, then work your plan.” Common words of wisdom about managing a problem or project.  Many organizations followed that philosophy. Serves them well. Lots of logic to it. A plan has been created by the state to handle…
,

"A Billion Here, A Billion There..."

“A billion here, a billion there, and pretty soon you're talking about real money.” That comment is from more than a half a century ago, attributed to a US Senator* when he was talking about rampant spending. Billions are real…
,

Santee Cooper: Two Years, Still Counting

As of July 31 it is two years since Santee Cooper announced it would abandon the VC Summer nuclear project. Time ticks on. So does … A $7 billion shadow: Santee Cooper customers owe $7+ billion in debt – roughly 4 billion from the…
, ,

Taking Steps Forward in the Santee Cooper Situation

The South Carolina legislature is moving ahead in the potential sale of Santee Cooper. For good reason. Governor McMaster in his State of the State Address made it pretty clear that Santee Cooper is saddled with immense debt, in large…
,

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…
, ,

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.…

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…