Posts

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Santee Cooper Names Two New Executives

Santee Cooper has named two new executives. Mark Bonsall as CEO and Charles Duckworth as Deputy CEO. These are a new names in the Carolinas. Until his 2018 retirement, Bonsall was the chief executive of the Salt River Project [SRP], a…
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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…

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…
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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 1:…
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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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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.…