Sell Santee Cooper

Town halls set to discuss potential Santee Cooper sale

Columbia Regional Business Report March 20, 2019 By Staff Report The S.C. Small Business Chamber of Commerce will hold six town halls across the state to foster public discussion on the potential sale of state-owned utility Santee Cooper. Santee Cooper, co-owner of the failed V.C. Summer nuclear project along with now-Dominion Energy subsidiary S.C. Electric […]

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Santee Cooper: No plan to pay off $4B nuke debt. Officials pay $250,000 a month for advice

Lexington County Chronicle March 21, 2019 By Jerry Bellune Santee Cooper officials say they have no $4 billion nuclear debt recovery plan. In what some call an astonishing admission, the officials who supply electricity for Mid-Carolina Electric members in Lexington County, also revealed they have been paying an investment banking firm $250,000 a month for

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SC Senator introduces resolution pushing for sale of Santee Cooper

WIS-TV March 20, 2019 COLUMBIA, SC (WIS) – A South Carolina state senator has introduced a joint resolution that would allow the governor to sell Santee Cooper. Sen. Harvey Peeler (R-Cherokee) introduced the resolution, S.678, that says Governor Henry McMaster will use the Department of Administration to conduct a competitive bidding process of the utility’s

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Statement on Santee Cooper’s 12% higher rates and joint resolution

PRESS STATEMENT Date:       March 20, 2019 From:      South Carolina Small Business Chamber of Commerce Subject:   Statement regarding Santee Cooper and joint resolution for sale Contact:   Frank Knapp, President/CEO, 803-252-5733 (w), 803-600-6874 (c), fknapp@scsbc.org Statement regarding Santee Cooper’s 12+% higher rates and joint resolution The below is a statement by Frank Knapp Jr, president and CEO

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Town Halls Announced to Discuss Sale of Santee Cooper. Start in Charleston April 2nd

 PRESS RELEASE Date:       March 20, 2019 From:      South Carolina Small Business Chamber of Commerce Subject:   Town Halls Announced to Discuss Sale Santee Cooper Contact:   Frank Knapp, President/CEO, 803-252-5733, 803-600-6874 (c), fknapp@scsbc.org Town Halls Announced to Discuss Sale of Santee Cooper Start in Charleston April 2nd (Columbia, SC) The South Carolina Small Business Chamber of Commerce

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Chamber leader: State can’t dally on Santee Cooper

Lexington County Chronicle March 14, 2019 By Jerry Bellune State lawmakers must act swiftly on Santee Cooper’s $8 billion debt before it grows any larger. That must be done now, says SC Small Business Chamber CEO Frank Knapp. The problem became apparent in July of 2017 when taxpayer-owned Santee Cooper and SC Electric & Gas

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Opinion: Why Upstate ratepayers should support sale of Santee Cooper

The Greenville News March 9, 2019 As the saga of SCE&G’s failed nuclear project in Fairfield County became public in early 2017, Upstate South Carolina electric users might not have been paying attention. After all, the Upstate was primarily Duke Energy territory. Why should its utility ratepayers be concerned? Now nearly two years later, many Upstate residents and

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Santee Cooper fails to plan for future. Pays investment banking firm $150 thousand a month

This week Santee Cooper executives testified at the SC Senate Select Committee on Santee Cooper, which is exploring the options for addressing the state-owned utility’s $4 billion debt resulting from its 45 percent ownership of the failed nuclear project in Fairfield County.  The utility also owes over $4 billion more in other bonds. The hearing

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