Tag Archives: nuclear

S.C. lawmakers ensure PSC incumbent retains seat – for now

May 11, 2018

1 Comment

By RICK BRUNDRETT On the last day of regular session Thursday, S.C. lawmakers in an unrecorded voice vote effectively approved a “do-over” election for a state Public Service Commission seat, allowing the incumbent to stay on months after his term expires and the opportunity to decide on matters related to the controversial V.C. Summer project. […]

Continue reading...

High-profile PSC elections pushed back to last day of regular session

May 8, 2018

1 Comment

By RICK BRUNDRETT On Thursday – the last day of the General Assembly’s regular session and when most state government offices will be closed for a holiday – lawmakers are set to fill three open seats on the S.C. Public Service Commission, the state regulatory agency that routinely approved electric rate hikes for the failed […]

Continue reading...

General Assembly spends over $70K so far on V.C. Summer ‘advice’

March 31, 2018

7 Comments

By RICK BRUNDRETT The S.C. Legislature spent more than $70,000 for an outside consulting firm to give it “advice” late last year relating to the V.C. Summer debacle – a financial quagmire that lawmakers played a large role in creating. The Virginia-based firm was paid by the House and Senate without producing a report for […]

Continue reading...

Santee Cooper execs get big bonuses, pay hikes, while nuclear debt mushrooms

February 27, 2018

5 Comments

By RICK BRUNDRETT As state-owned utility Santee Cooper was racking up billions in debt – which ratepayers are expected to shoulder – for the failed V.C. Summer nuclear project, the company’s top executives were raking in huge bonuses and salary hikes. More than $4 billion in bonds that were sold to finance the biggest financial […]

Continue reading...

State senators want more hands-on control in nuclear project fiasco

February 7, 2018

7 Comments

By RICK BRUNDRETT Update: After this story was published this morning, a Senate Judiciary subcommittee voted to amend the joint resolution (S. 954) to drop the “experimental rate” language, which would effectively keep the V.C. Summer portion of South Carolina Electric & Gas electric rates pending a new order by the state Public Service Commission. […]

Continue reading...

State utility watchdog rarely bared teeth in V.C. Summer debacle

January 24, 2018

1 Comment

By RICK BRUNDRETT Over the years, the state’s utility watchdog acted more like a lapdog in reviewing rate hikes for the now-abandoned V.C. Summer nuclear project. The S.C. Office of Regulatory Staff (ORS), which under state law is supposed to represent ratepayers’ interests, didn’t oppose any of the nine South Carolina Electric & Gas rate […]

Continue reading...

Glowing job reviews routine for those who approved V.C. Summer rate hikes

January 19, 2018

1 Comment

Good job

  By RICK BRUNDRETT The S.C. Public Service Commission members who approved nine rate hikes for the failed V.C. Summer nuclear project have performed flawlessly in their six-figure jobs – at least in the eyes of the legislative committee that essentially controls them. A review by The Nerve of annual work-performance reviews done by the […]

Continue reading...