Posts

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Santee Cooper’s Limited Choices

An old saying is, “How do you want it – good quality, fast, or cheap? Pick two, because you can’t have all three.” Every homeowner who’s ever hired-out a project knows if you demand high-quality delivered on a rapid timeline you are…

Santee Cooper - A Zombie Company?

Santee Cooper’s debt is huge, but Santee Cooper is not huge. ECC wrote about this more than a year ago, asking whether Santee Cooper is a zombie company. The pandemic and business slowdown raise the issue of zombies again in the news. So…

Just the Facts – All the Facts – on Santee Cooper

Santee Cooper’s Board of Directors cannot be removed by the South Carolina Governor or other policymakers. A Charleston Post and Courier’s November 30 editorial suggests that be changed to cure Santee Cooper’s ills. The P&C notes Santee…

Hang onto Santee Cooper Refund Checks. You’re Going to be Sending Them Back

A Tweet caught our eye. It says, “Santee Cooper settlement check really coming in clutch for the holidays.” It shows a check for 3-cents. Hard to miss the irony on this and other payouts. Let’s pick through the numbers. Most customers…

Santee Cooper's Leadership is a Concern

South Carolina’s Speaker of the House wrote in April that he'd like to fire Santee Cooper's Board of Directors and change Santee Cooper’s leadership ... if he could. The reason why was clear enough: “It has become my experience…

Santee Cooper, You Are On the Air

Interesting discussion about Santee Cooper’s recent legal settlement payout to ratepayers on WVOC talk-radio, Columbia, a couple weeks ago. The discussion shows how much is left unexplained by the utility. Murky. The on-air discussion notes…

Keeping People Well Informed Ought to be a Habit for All Utilities

Should utility customers know what is happening with the company where they buy power? Should owners and investors in a utility have a clear and comprehensive explanation of the company’s finances and strategy? Seems reasonable. So here…

The Buck Stops … Somewhere

“The Buck Stops Here,” was a sign on Harry Truman’s desk and spoke volumes about his sense of leadership. Our nation just marked the 75th anniversary of Truman taking the oath of office. Want a decision? Harry made decisions, took action.…

Jacksonville Didn't Sell. Now the Utility is Downgraded. SC, Take Note.

Jacksonville Electric Authority, a city-owned utility, was up for sale, then it wasn’t. And now more news: JEA downgraded because of governance instability, said Bond Buyer magazine. The article cites managerial risk, financial risk, and…

Time to Protect Santee Cooper Customers

Kudos to the Legislature and Governor for setting up a system, managed by the State Department of Administration, to address the ongoing Santee Cooper issues. That was a good step for the accountability that is needed. Time to finish the…