Tag Archives: V.C. Summer

Santee Cooper seeks state OK to dive deeper in debt

August 17, 2021

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Santee Cooper

By RICK BRUNDRETT State-owned utility Santee Cooper’s debt load is projected to grow by more than a half-billion dollars under a proposal that a legislative committee likely will rubber-stamp today. The utility’s board of directors in a special meeting Thursday approved asking the state Joint Bond Review Committee (JBRC) to allow the utility to sell […]

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Santee Cooper deep in debt, still spending millions on ecodevo projects

August 12, 2021

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By RICK BRUNDRETT Santee Cooper’s electric customers are on the hook for billions in debt payments, but that hasn’t stopped the state-owned utility from spending millions in recent years on economic development projects. The Nerve’s review of utility records provided recently under the state’s open-records law found that from May 2018 through May of this […]

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Santee Cooper board still has expired, vacant seats despite ‘reform’ law

June 18, 2021

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Santee Cooper

By RICK BRUNDRETT Of the 12 seats on the board governing state-owned utility Santee Cooper, two are vacant while seven members are serving past their expired terms. A new law that purportedly will reform Santee Cooper – pushed by lawmakers after they couldn’t decide to sell the debt-burdened utility – doesn’t change the selection process […]

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Santee Cooper, Ports Authority board members paid thousands for part-time gig

April 16, 2021

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By RICK BRUNDRETT Unlike panels overseeing other state agencies, the governing boards of the state-created Ports Authority and utility Santee Cooper are paid thousands of dollars annually for their part-time jobs, records show. Most members of the Ports Authority Board of Directors made $11,700 last year, while members of the Santee Cooper Board of Directors […]

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Lawmaker-controlled panel violates state law – again

January 6, 2021

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By RICK BRUNDRETT A legislatively controlled committee has once again violated a state law requiring that it provide the General Assembly with written individual evaluations of S.C. Public Service Commission members. The seven-member PSC’s authority includes setting utility rates for investor-owned gas and electric utilities. The PSC is holding additional public hearings this week on […]

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Hundreds of Santee Cooper employees receive ‘incentive’ bonuses

December 4, 2020

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By RICK BRUNDRETT “Incentive” bonuses totaling more than $5 million were doled out this year to 1,463 Santee Cooper employees, with individual cash rewards averaging about $3,500 and topping out at $165,000 for a high-level executive, The Nerve found in a review of utility records. The records, provided by the state-created utility under the S.C. […]

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State stonewalls public comment on proposed Dominion rate hike

November 10, 2020

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V.C. Summer Nuclear Station

By RICK BRUNDRETT Dominion Energy electric customers in South Carolina are angry. They were promised a rate cut following the 2017 collapse of the $9 billion V.C. Summer nuclear project. But Virginia-based Dominion now wants a significant rate hike. And the state panel that will decide whether to approve the nearly 8% rate hike has […]

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S.C. lawmakers continue tight grip on PSC elections

September 23, 2020

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Update: The Legislature on Sept. 23, 2020, elected four newcomers to the S.C. Public Service Commission: Carolyn “Carolee” Williams, District 1; Stephen “Mike” Caston, District 3; Headen Thomas, District 5; and Delton Powers, District 7. By RICK BRUNDRETT For many South Carolinians, the size of their utility bills ultimately rests with state lawmakers. Not only […]

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Jet-setting PSC members attended events with ties to regulated companies

February 7, 2020

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By RICK BRUNDRETT From 2014 through 2018, four sitting S.C. Public Service Commission members collectively accepted more than $90,000 in trips and meals funded in part by utility industry trade groups, several of which have ties to companies regulated by the PSC, a review by The Nerve found. And two of the commissioners who are […]

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State law violated: PURC fails to submit annual reviews of PSC members

January 24, 2020

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By RICK BRUNDRETT A legislatively controlled committee violated state law in recent years by not giving the General Assembly annual performance reviews of individual S.C. Public Service Commission members, who set utility rates for residents and businesses statewide, a review by The Nerve found. Timing could be everything. Before the V.C. Summer nuclear project collapsed […]

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