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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.[…]

Three Kinds of Electric Utilities Serve the Carolinas

There are different kinds of electric utilities in the Carolinas. People may not even think about them because if electric service is running properly, well, why think about it? With the headlines in our states over the past several years about ownership of electric companies and services and rates, this may be a good time Read more about Three Kinds of Electric Utilities Serve the Carolinas[…]

Debt, Sale of Santee Cooper Are Energy Priorities

The list of electric energy decisions in South Carolina is reduced by one. On January 2, 2019, the merger between SCANA and Dominion is done. Southeast Energy Group is the new name for the company that was South Carolina Electric and Gas. Next, the possible sale of Santee Cooper and how the wallets of customers Read more about Debt, Sale of Santee Cooper Are Energy Priorities[…]

Energy 2018: Consumer Control Gains Strength

Consumers have more influence in the electric industry every day. They choose what to buy and use. Energy innovators will pay attention. Early in 2018 ECC noted that the electric industry is changing and consumer knowledge will support the evolution of the electric industry in the Carolinas. As we end 2018 we are reflecting on Read more about Energy 2018: Consumer Control Gains Strength[…]

SCANA / Dominion Merger Approved. What’s Next? Debt

The South Carolina Public Service Commission approved the merger between SCANA and Dominion Energy December 14. That move, “All but guarantees that Dominion Energy will take over SCANA and electric and gas businesses in South Carolina, North Carolina and Georgia,” said financial publication Market Screener after the decision. Nuclear debt is not decided in the PSC decision, though. It is one step Read more about SCANA / Dominion Merger Approved. What’s Next? Debt[…]