Tag Archives: SCANA

Taxpayer cost grows for high-priced consultants in wake of V.C. Summer fiasco

February 12, 2019


  By RICK BRUNDRETT Since the 2017 collapse of the V.C. Summer nuclear project – which the Legislature made possible through a quietly passed law 10 years earlier – lawmakers and state utility regulators collectively have spent at least $729,000 on consultants hired to give them advice or issue reports. The total includes $379,203 this […]

Continue reading...

PSC election delayed again; public comment chilled under state law

September 26, 2018


By RICK BRUNDRETT S.C. lawmakers have once again delayed filling a $107,822 seat on the state Public Service Commission, which routinely approved electric rate hikes for the failed V.C. Summer nuclear project. A screening hearing for PSC Seat 2, which was supposed to have been held Monday of this week, was postponed, according to a […]

Continue reading...

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

February 27, 2018


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


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...

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...

Powerful State House panel behind blueprint for South Carolina’s nuclear push

January 17, 2018


PURC Report

By RICK BRUNDRETT Nearly a decade ago, an influential state legislative committee quietly released a report advocating a quick expansion of nuclear energy in South Carolina, claiming, for instance, the small state might face power shortages and blackouts by 2016. Those dire predictions didn’t come true. As the now-abandoned V.C. Summer construction project in Fairfield County […]

Continue reading...