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Santee Cooper – Whose Debt Is It, Anyway?

Question: When it comes to Santee Cooper, whose debt is it, anyway? Answer: The debt belongs to Santee Cooper, to the customers. The debt was incurred by the decision of Santee Cooper. Check this. From the South Carolina Code about the SC Public Service Authority (Santee Cooper): “Credit and taxing power of the State and its subdivisions shall Read more about Santee Cooper – Whose Debt Is It, Anyway?[…]

Make a List, Check It…

Can just anyone possibly buy Santee Cooper? No. The South Carolina government created a list of criteria for a buyer. There are prospective buyers that meet the criteria originally laid out by the SC Legislature for a potential sale.  According to the consultant report about a possible sale, bid consideration criteria to purchase Santee Cooper Read more about Make a List, Check It…[…]

Be Well – Sell

From Scott Carlberg The financial rating of Santee Cooper relies in a large part on its ability to easily raise rates on customers. No other organization reviews and approves a Santee Cooper raise in rates. The Santee Cooper board is the group that can raise rates. By itself. Are you a customer? As Santee Cooper Read more about Be Well – Sell[…]

It’s Spring and Debt Relief Is In the Air!

From Scott Carlberg Last week the South Carolina House and Senate both started down a road to sell Santee Cooper and relieve the massive debt hanging over the heads of consumers. Now, the legislature needs to complete that journey by closing the sale.  That’s the only outcome that will provide a financial benefit to South Read more about It’s Spring and Debt Relief Is In the Air![…]

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 … $, $$, $$$$[…]

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?[…]

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[…]

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.[…]