Posts

Santee Cooper Reliability – All the Facts – Part 1

ECC noted the record storm season of 2020, pointing out that planning to keep customers online, or getting them back online after a storm, is a growing challenge. Weather is changing, and so must utilities’ ability to have flexibility, exacting…

Just the Facts – All the Facts – on Santee Cooper

Santee Cooper’s Board of Directors cannot be removed by the South Carolina Governor or other policymakers. A Charleston Post and Courier’s November 30 editorial suggests that be changed to cure Santee Cooper’s ills. The P&C notes Santee…

Hang onto Santee Cooper Refund Checks. You’re Going to be Sending Them Back

A Tweet caught our eye. It says, “Santee Cooper settlement check really coming in clutch for the holidays.” It shows a check for 3-cents. Hard to miss the irony on this and other payouts. Let’s pick through the numbers. Most customers…

What NextEra’s Acquisition of Gulf Power Means for South Carolina

“You can’t appreciate what you haven’t seen.” I used to say that with my corporate employees as we discussed new ideas and our customers. Santee Cooper customers are in this situation. Santee Cooper says, “trust us…we got this.” …

A Santee Cooper House-cleaning?

“Santee Cooper desperately needs a house cleaning. The entire board. The entire management team. All of them. Then use a MiB Neuralyzer on anyone who’s left,” Senate Majority Leader Shane Massey, a Republican from Edgefield, tweeted Thursday. The…

Santee Cooper's Finances in Focus

The Post and Courier ran a spot-on letter to the editor Thursday, November 5. It succinctly described the real financial picture of Santee Cooper: Underfunded by hundreds of millions of dollars through 2029. Losing $24 million just this year.…

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…