Blog by Frank Knapp Jr., President & CEO November 16, 2020 Senators finally getting the message about the “Santee Cooper Titanic” Earlier this year the state legislature gave Santee Cooper a chance to live up to its promise to reform and put off a decision on selling the utility to…
Santee Cooper’s Solar Partnership Falls Through
FITSNews November 13, 2020 “Reform plan” dealt yet another crucial blow… By FITSNews One by one, the assumptions associated with Santee Cooper’s “reform plan” have fallen by the wayside – leaving South Carolina’s scandal-scarred, debt-addled utility with no viable pathway forward in its bid to stave off being offloaded to the…
South Carolina Governor, Legislative Leaders Rebuke Santee Cooper’s Latest ‘Rogue’ Red Ink Move
FITSNews October 30, 2020 On the heels of our exclusive reporting this week regarding the latest extra-legal borrowing bonanza undertaken by South Carolina’s abysmally managed, debt-addled, government-run power provider Santee Cooper, leaders of the Palmetto State have stepped in and delivered a stern rebuke of this “rogue agency.” And this time,…
Small business advocate pitches message to help Century Aluminum
The Summerville Journal Scene October 28, 2020 Pointing the finger directly at Santee Cooper about its bad business decisions, the President and CEO of the South Carolina Small Business Chamber of Commerce, went to Goose Creek to deliver a message to help stop Century Aluminum from shutting down in Berkeley…
Is Santee Cooper an Asset?
Energy Consumers of the Carolinas’ October 13, 2020 From Scott Carlberg 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.…
Opinion: Let’s Put the SC PSC to Work
By Scott Carlberg, Executive Director 0f Energy Consumers of the Carolinas 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.…
Santee Cooper: No Longer an Asset
Today the South Carolina Small Business Chamber of Commerce (SCSBCC) and the Gullah Geechee Chamber of Commerce released a new document, “No Longer an Asset: How Santee Cooper Is FAILING South Carolina”. “The document provides a footnoted record of the many problems that have led our…
Lawmakers set to decide Santee Cooper’s future in 2021
“Why should the ratepayers pay billions of debt for a nuclear project that is never going to be built and the management of Santee Cooper and the Board are responsible for that?” Frank Knapp, South Carolina Small Business Chamber. WIS-TV September 30, 2020 Watch Video By Jason Raven | September…
Opinion: Santee Cooper’s strategy to obstruct, delay
The Berkeley Independent The Summerville Journal Scene September 30, 2020 By Frank Knapp Jr. Just over two years ago South Carolina Governor Henry McMaster called Santee Cooper a “rogue agency”. The issues were accountability and transparency. Santee Cooper, a state agency, was refusing to provide information to the Governor. “This…
COMMENTARY: ‘Game’ protects consumer
The Times and Democrat September 22, 2020 By FRANK KNAPP JR. Critics have equated the process of regulated utilities seeking rate hikes from the S.C. Public Service Commission to a game — always asking far more than they need or expect to get. Given the ongoing discussions in our state…