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Tue Jun 8, 2021, 09:36 PM

S Carolina's state-owned utility survives as public company

Source: Associated Press

JEFFREY COLLINS,
Associated Press
June 8, 2021
Updated: June 8, 2021 6:51 p.m.

COLUMBIA, S.C. (AP) — South Carolina’s state-owned utility appears to have survived four years of turmoil to remain public after the South Carolina House and Senate both unanimously approved an overhaul bill Tuesday that does not include its sale to a private company.

Santee Cooper's future has been uncertain since July 2017, when construction of a pair of nuclear reactors in which the utility was a minority partner stopped before completion, leaving the company billions of dollars in debt.

Republican Gov. Henry McMaster and several powerful legislators, especially in the House, almost immediately demanded the sale of Santee Cooper to a private company, saying South Carolina should not be in the power business.

But there were powerful allies on the other side who recalled how the founding of Santee Cooper as a public utility during the Great Depression brought power to wide swaths of rural South Carolina. They also noted the state-owned company's willingness to do whatever top officials asked to bring big industry to the state.



Read more: https://www.chron.com/news/article/S-Carolina-s-state-owned-utility-survives-as-16233885.php

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Reply S Carolina's state-owned utility survives as public company (Original post)
Judi Lynn Jun 8 OP
not fooled Jun 9 #1
Judi Lynn Jun 9 #2
Lonestarblue Jun 9 #3

Response to Judi Lynn (Original post)

Wed Jun 9, 2021, 01:18 AM

1. Hey, SC pukes

your puke gov and his cronies tried to sell you out to their donor base. You would have enjoyed worse service and higher rates.

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Response to not fooled (Reply #1)

Wed Jun 9, 2021, 02:25 AM

2. So true. They shouldn't allow anyone to touch, ever. ⚡️

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Response to Judi Lynn (Original post)

Wed Jun 9, 2021, 05:17 AM

3. Yes, we here in Texas know how private companies put profits ahead of consumer safety.

The state claims around 150 people died in the February storm, but independent analysts compared expected deaths based on averages and found as many as 700 excess deaths for that time. All because we have a governor bought and paid for by fossil fuel who believes regulation is bad for profits.

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