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

It’s $946,000 a month now. $2,359,000 a month later on. Each month. Every month. 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 Read more about SC Debt: A Million Dollar Decision. Time’s Up.[…]

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[…]

Carolina Energy 2019: More Collaboration?

What should Carolinians expect, ask for, or watch for in their energy world in 2019? Energy Consumers of the Carolinas asked a handful of energy professionals. The year can be a pivot point in energy. This column is about collaboration, and how 2019 could be a year when available technology matches up with policy. If that happens, Read more about Carolina Energy 2019: More Collaboration?[…]

Santee Cooper Debt – Clean the Slate

“A clean slate.” The term is often used at the start of a new year. It means to start fresh, to be rid of debt. Or, to get people on an even footing. That may not be the exact phrase used about Santee Cooper’s nuclear debt and how it can impact customers, though it is Read more about Santee Cooper Debt – Clean the Slate[…]

Debt: There Are “No Shortcuts”

“Black Friday,” November 23, is coming up fast and shoppers will hit the stores with credit cards in hand. It is a day when a lot of household debt is created. So we will use that date to look at debt because the terminated nuclear project leaves South Carolina – and some of its electric Read more about Debt: There Are “No Shortcuts”[…]

SC Public Service Commission Starts SCE&G Hearings

When South Carolina Public Service Commissioner Comer Randall called to order the PSC today, November 1, he started a process expected to play out over much of this month. The topic is about the financing of the canceled VC Summer nuclear project near Columbia. Almost a month of hearings seems like a lot, though the Read more about SC Public Service Commission Starts SCE&G Hearings[…]

In the Dark: A Poll of South Carolina’s Pulse on Electricity Payments

Last week, South Carolina’s Club for Growth released a survey conducted by Cloud Research out of Dublin, Ohio entitled “Survey of South Carolina Electricity Ratepayers.” It could have been called “In the Dark.” With the state news dominating the subject of SCANA and Santee Cooper’s nuclear power debacle and associated costs, I thought this would Read more about In the Dark: A Poll of South Carolina’s Pulse on Electricity Payments[…]

PSC Hearing: Listen and Learn

Monday night I attended the Public Service Commission hearing in North Charleston on the proposed SCANA merger with Dominion. After the V.C. Summer nuclear debacle, I appreciate the regulatory scrutiny of the investor-owned utility. I also wonder about Santee Cooper, the state-owned partner of the energy project, which is not regulated by the PSC. My Read more about PSC Hearing: Listen and Learn[…]