Posts

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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.…

Is an SC Pipeline a Pipe Dream?

Santee Cooper’s business forecast relies heavily on natural gas as a fuel for power generation. That may be less a forecast and more a pipe dream. According to the plan: “Roughly 50% would be owned or purchased natural gas generation,…
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Looming Santee Cooper Debt Could Be Eliminated

Santee Cooper. It has been the debt. It still is the debt. Customers continue to be on the hook.  Santee Cooper’s business forecast lacks action. The recently released Santee Cooper business forecast released September 9 said, in part: “The…
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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…
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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…