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 about Santee Cooper’s billions in debt and the way it could impact rates, and their family budgets, Read more about The SC Senate Takes the Next Step on Santee Cooper[…]

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 the SC Public Service Authority (Santee Cooper): “Credit and taxing power of the State and its subdivisions shall Read more about Santee Cooper – Whose Debt Is It, Anyway?[…]

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.  According to the consultant report about a possible sale, bid consideration criteria to purchase Santee Cooper Read more about Make a List, Check It…[…]

Save Santee Cooper by Selling It

From Scott Carlberg 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 today, the South Carolina Senate debates the possible Read more about Save Santee Cooper by Selling It[…]

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?[…]