MultiBriefs Exclusive March 23, 2018 By Seth Sandronsky As the economy grows and a low jobless rate of 4.1 percent continued for a fifth straight month, the Federal Reserve Bank under Chairman Jerome Powell took action March 21. In a statement, the U.S. central bank announced that it will “raise the target range for the […]
Hike: Fed raises interest rates for businesses and consumers Read More »
The words “oil spill” use to be simply a description of an event. But since Deepwater Horizon the words “oil spill” for Americans are associated with a massive catastrophe brought about by human and technology failure driven by greed. The words now have such a negative public meaning that “oil spill” has become the benchmark
“Oil Spill” achieves infamy Read More »
Post and Courier March 22, 2018 By Thad Moore SCANA Corp. has paid out more than half a billion dollars to investors with money collected from electric customers for its failed nuclear project, according to documents published by state regulators this week. Last year alone, money earmarked for the V.C. Summer expansion accounted for $120.4
SCANA shareholders received $529 million in dividends from failed nuclear project Read More »
Post and Courier March 23, 2018 The numbers are startling. If nothing changes, the average SCE&G customer will have to pay about $7,430 over the next six decades for two nuclear reactors that will never generate power. Under a proposal from Dominion Energy — which is seeking to buy SCE&G parent company SCANA — that
Editorial: Make shareholders share in nuclear burden Read More »
Greenville News March 21, 2018 By Eric Connor The city of Greenville is poised to take a firm position opposing offshore drilling for oil and gas along the state’s coast in a move elected leaders say is designed to show “solidarity with our sister coastal communities.” The proposed resolution, which City Council is expected to vote on Monday, would
Greenville poised to oppose drilling off South Carolina coastline, but not exploration Read More »
(Back in July of 2016 I was warning Santee Cooper direct customers and the customers of the state’s electric co-ops about the debt they were collecting thanks to the over budget and behind schedule nuclear project with SCE&G. The story below points out that those who get their electricity from Santee Cooper should expect to be paying
Santee Cooper electric rates will rise sharply because of nuclear project Read More »
“We’ve tried to find folks who might be in favor of this, to find out what they think, the small to medium size businesses, and we haven’t been able to find anybody who thinks this is a good idea.”–Mike Switzer’s March 19, 2018, radio interview with Andy Owens, managing editor of SCBizNews, the company that publishes
Where is the small and medium size business support for offshore oil drilling? Read More »
Business Alliance for Protecting the Atlantic Coast Newsletter March 19, 2018 Board members of the Business Alliance for Protecting the Atlantic Coast met this month with officials of the federal agencies that hold the future of the Atlantic Coast in their hands. With the support of over 42,000 Atlantic Coast businesses and 500,000 commercial fishing
BAPAC meets with federal agencies on Read More »
Charleston Post and Courier March 19, 2018 South Carolina apparently meets all the criteria for an exemption from President Donald Trump’s ill-advised offshore oil drilling program. Just consider the recent comments of Interior Secretary Ryan Zinke on drilling off the Pacific Coast states. Mr. Zinke expressed doubt that any drilling would occur off the West
Editorial: Leave S.C. out of oil mix Read More »
The State March 15, 2018 By Frank Knapp Jr., Guest Columnist Columbia, SC SCE&G is rightfully dominating the news. Its problems clearly are a concern for its customers and legislators: the nuclear plant debacle with its $4.5 billion debt hanging over ratepayers, management hiding damning information from regulators, rates much higher than other parts of
Opinion: Could Santee Cooper do any more to hurt South Carolina if it tried? Read More »
