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On April 22, 2021, the South Carolina Senate overwhelmingly voted on a bill that would reform Santee Cooper. Included in the bill is a timeline to replace every member of the Santee Cooper board, regulations subjecting the utility to reviews and oversight, and a ban on the utility's practice of giving executives large severance packages. [51]
The doomed V.C. Summer nuclear plant, a joint failed venture of SCE&G and Santee Cooper, sparked dozens of legal actions, lawsuits and a handful of civil and criminal fraud charges.
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 ...
Santee Cooper generates the power distributed by some of South Carolina's electric cooperatives. Following the Nukegate scandal, the South Carolina General Assembly debated whether to privatize or reform Santee Cooper, ultimately passing a reform bill that overhauled the regulation and oversight of the state-owned utility. [2]
Rankin, a Santee Cooper supporter who opposed efforts several years ago to sell the public utility to an out-of-state company, has spoken in favor of a 1,200-megawatt natural gas plant that would ...
Grainger was retired in October 2012 by Santee Cooper as it was too costly to comply with the United States Environmental Protection Agency's (EPA) Mercury and Air Toxics Standard (MATS). [2] After three years of decommissioning, demolition of Grainger's structure began in 2015. [ 5 ]
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Under H. 5118, Santee Cooper and Dominion Energy have the same fiscal protections — if the project fails — as did Santee Cooper and SCE&G behind the VC Summer fiasco, according to Moore.