Posts

“When You Come to a Fork In the Road, Take It”

Baseball player Yogi Berra’s aphorism seems true now. South Carolina policymakers and Santee Cooper customers stand at a fork in the road. Three forks, really. The South Carolina Department of Administration (DOA) just released a report…

Santee Cooper Customers: What’s Not In Your Wallet?

ECC has said all along that customers will be paying for Santee Cooper's debt, and recently the state-owned utility has been in court to make sure that their customers can't get off the hook. Arguing against Santee Cooper in a class action…

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…

Crunch Time for South Carolina Energy

The Charleston Post and Courier ran a pointed editorial Saturday, January 11: 6 ways the SC Legislature can make our state better in 2020. Interesting list, good level-set launching into 2020. Two parts of that editorial go hand-in-hand ECC…

What Did We Learn This Year? Accountability Matters

A billion here, a billion there. Pretty soon it adds up to real money. ECC noted that quote about the debt burden from the termination of the VC Summer nuclear project. It’s been “real money” since at least 2017 when the nuclear project…

Just the Facts - Lakes Are Protected

Lakes licensed to utilities are protected for citizens. Know the facts. A letter to the editor of the Orangeburg Times and Democrat, Lakes Asset is at Risk, prompts ECC to remind consumers about lakes as licensed utility assets. The…
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Attack of the Zombie Debt

Some 13% of companies may be zombies. (Source) Zombie. A word reserved for Halloween no more. Zombies have hit Corporate America. Defining a zombie company depends on which finance person is asked. Here’s a Fortune magazine version:…
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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,…
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Santee Cooper Coal Plan Requires More Energy

Coal powered the past and now makes way for the future. Santee Cooper should get ahead of the trend. Mines are closing, mining companies going under, and coal generation plants have been closing in the Carolinas and throughout the country.…