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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?[…]

Santee Cooper Debt – Tick, Tick, Tick … $, $$, $$$$

Debt adds up daily for Santee Cooper because of the VC Summer nuclear project shutdown and other operations. It is a million dollars a day just from the interest that is adding up. ECC has written about the debt for some time. The main point ECC has made about the debt is usually the amount: Read more about Santee Cooper Debt – Tick, Tick, Tick … $, $$, $$$$[…]

“This Time It’s Different” – Mighty Expensive Words for Santee Cooper

“This time it’s different.” You have heard people say it, typically when something goes wrong and they are going to try again, the same way. The phrase has made people stay the course when their actions failed. They do precisely the same thing but expect a different result. ECC believes it applies to the ownership Read more about “This Time It’s Different” – Mighty Expensive Words for Santee Cooper[…]

Will Nuclear Costs Be a Family Budget Buster?

Paying for essential energy needs should not be a family’s budget buster. Lots of family needs compete for the same dollars – education, replacing a car, work clothes, groceries, trying to save for retirement. Budgets are top of mind. The General Assembly of South Carolina makes decisions soon about the sale of Santee Cooper. That Read more about Will Nuclear Costs Be a Family Budget Buster?[…]

Could Santee Cooper Debt Climb $300,000,000 More?

A million dollars a day is being added to Santee Cooper’s debt for the unfinished nuclear facility and its utility operations. ECC wrote about that just a few weeks ago. Here’s a twist on that: Some news reports say the South Carolina Legislature may study the possible sale of Santee Cooper until the end of Read more about Could Santee Cooper Debt Climb $300,000,000 More?[…]

Clock is Ticking to Sell Santee Cooper, Handle the Debt

A sale of Santee Cooper might be closer to a reality, and so may be a way out of the $9 billion of debt Santee Cooper customers would have to pay. The marketplace is working. “A strong market for sale exists,” said the report commissioned by the South Carolina Public Service Authority Evaluation Committee of Read more about Clock is Ticking to Sell Santee Cooper, Handle the Debt[…]

Speaking Out For Our Energy Future

For a year Energy Consumers of the Carolinas [ECC] has provided consumer information. Now readers can see a definite viewpoint in some of our work. Our site now features some calls to action about important energy issues. It’s time. Why? ECC believes that the Carolinas have done so well in so many energy projects. These Read more about Speaking Out For Our Energy Future[…]

Bury Our Electric Lines? Easy Question, Complicated Answer

“Why can’t we just bury the wires?” When it comes to our electric system it is a simple question with no simple answer. Energy Consumers of the Carolinas looks at some of the issues about undergrounding electric lines. This is a question that comes up following big storms – ice, hurricane, thunderstorms. First some background, explained Read more about Bury Our Electric Lines? Easy Question, Complicated Answer[…]

A Giant Pothole of Debt

About a million dollars a day is being added to Santee Cooper’s debt for the unfinished nuclear facility in South Carolina as well as its utility operations. Money owed by the customers of Santee Cooper. That money goes to pay the costs already incurred for construction, materials and financing. The debt is like big potholes Read more about A Giant Pothole of Debt[…]

SC Debt: A Million Dollar Decision. Time’s Up.

A story in The State says, “The 177,000 customers that Santee Cooper directly serves now are paying about $5.35 a month, on average, for the failed [V.C. Summer] nuclear project. Barring a sale or another major change, that eventually will rise to $13.33 a month.” It adds up to real money, out of customers’ real pockets, Read more about SC Debt: A Million Dollar Decision. Time’s Up.[…]