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Santee Cooper, also known officially from the 1930s as the South Carolina Public Service Authority, is South Carolina's state-owned electric and water utility that came into being during the New Deal as both a rural electrification and public works project that created two lakes and cleared large tracts of land while building hydro-electric dams and power plants. [1]
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Santee Cooper has had the same rates in place since 2017. The agency in 2020 agreed to a freeze rates through 2024 as part of a settlement over the failed V.C. Summer nuclear plant construction ...
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Doing so would make for an additional cost, beyond the more than the $9 billion Santee Cooper and SCE&G spent on the V.C. Summer project before it was shelved seven years ago.
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