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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]
The Virgil C. Summer nuclear station in 2013. The Nukegate scandal was a political and legal scandal that arose from the abandonment of the Virgil C. Summer nuclear expansion project in South Carolina by South Carolina Electric & Gas (SCE&G) and the South Carolina Public Service Authority (known as Santee Cooper) in 2017.
Currently, the RWS serves the town of Santee, with pipeline rapidly being installed to other locations. [5] Incoming businesses from this project are projected to bring thousands of jobs to the area. [6] The Lake Marion High School & Technology Center is located in the town.
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's ownership structure is expected to remain unchanged for the time being, which provides a greater level of stability to operations.The rating further considers expected fixed charge ...
State-owned power company Santee Cooper has its own plan to replace part of the 1100 megawatts that will be lost when it closes a coal-fired power plant in Georgetown later this decade.
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