Posts

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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…

Santee Cooper - Till Debt Do Us Part

When you dig yourself into a deep hole, stop digging. ECC has said that before about Santee Cooper, its debt, the negative news, the ongoing odd decisions. It’s customer money out the door, and money that will have to go out the door…
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"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…
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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…
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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…

“Coal is clearly on the ropes”

Coal still is a significant chunk of the U.S. electric power pie. That is changing at light-speed for the utility business. Several recent figures mark the decline of coal: Fewer than ten percent of coal plants were built from the 1990s…
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Renew Our Pledge for Energy Independence

Energy independence has typically meant weaning our nation off oil supplies from other countries. Energy is much more than oil, though. It is electricity, more and more. On this July 4 what energy freedoms are reasonable to desire in…
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Santee Cooper On the Downhill Slide Again

“South Carolina-owned Santee Cooper took another rating hit due to ongoing legal and political problems related to its ownership share in a shelved nuclear reactor project.” That is the lead sentence from Bond Buyer magazine this week…