Posts

Manufacturing and Electric Costs

South Carolina and California. Not sure you could find states with the most divergent of viewpoints. An interesting parallel struck me in a Wall Street Journal op-ed this week. Nevada Does a California is the title. The thrust of the…

Is Santee Cooper an Asset?

An asset should have a positive benefit to the owner. Not always the case, obviously. The unhappy example is Santee Cooper – it bet the future of the company and the finances of its stakeholders and failed. Deeply failed. Santee Cooper failed…

Put the SC PSC to Work on Santee Cooper

South Carolina just swore-in four new members for its Public Service Commission, the group that oversees the utility industry in the state. With this change there are no commissioners left who were part of the VC Summer project problem. For…

Santee Cooper – It’s Not a Game

The ongoing surprises of Santee Cooper can be gone in a relative heartbeat if it is sold to an investor-owned utility. Period. No more debates about what kind of surprise is next. Done. The State of South Carolina has a lot of other issues…

The Bottom Drops on Bottom Lines. Consumers Could Feel the Jolt

“South Carolina lawmakers will again have a significant amount of extra money to spend in next year's budget. … a nearly $2 billion increase in the general fund, which lawmakers control, for the budget year that starts in July 2020.”…

Santee Cooper Customers Stuck Again

Stuck again. Santee Cooper customers, that is. The company is turning 100 cents of customer dollars into a whole lot less. Costs of paying for unbuilt nuclear plants. Customers are committed to pay for nuclear costs for years (though it does…

Santee Cooper's Leadership is a Concern

South Carolina’s Speaker of the House wrote in April that he'd like to fire Santee Cooper's Board of Directors and change Santee Cooper’s leadership ... if he could. The reason why was clear enough: “It has become my experience…

Santee Cooper, You Are On the Air

Interesting discussion about Santee Cooper’s recent legal settlement payout to ratepayers on WVOC talk-radio, Columbia, a couple weeks ago. The discussion shows how much is left unexplained by the utility. Murky. The on-air discussion notes…

Keeping People Well Informed Ought to be a Habit for All Utilities

Should utility customers know what is happening with the company where they buy power? Should owners and investors in a utility have a clear and comprehensive explanation of the company’s finances and strategy? Seems reasonable. So here…
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Santee Cooper and VC Summer – Anniversary of a Summer Blockbuster Disaster

July 28, 2017 marked the debut of the Charlize Theron action flick, Atomic Blonde, what one critic called the best action movie of the summer.  A blockbuster movie. Three days later, in South Carolina, Santee Cooper and SCANA officials announced…