Thursday, June 7, 2018

Santee Cooper wants to settle legal fight with electric co-ops out of court | Business | postandcourier.com

Santee Cooper wants to settle legal fight with electric co-ops out of court | Business | postandcourier.com: "In the legal motion, Santee Cooper's attorneys argue the co-ops agreed to settle "any" dispute over that contract through arbitration. But the electric cooperatives plan to oppose Santee Cooper's attempt to force the case into arbitration, said Lou Green, a spokesman for the Electric Cooperatives of South Carolina.  "



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Thursday, May 31, 2018

Wednesday, May 23, 2018

Myrtle Beach changes franchise agreement with Santee Cooper - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Myrtle Beach changes franchise agreement with Santee Cooper - WMBFNews.com, Myrtle Beach/Florence SC, Weather: "Currently, customers see a 5 percent franchise fee on their Santee Cooper bill. That fee was created back in 1999 when the city decided to work with Santee Cooper to put utilities underground. Two percent of the fee is set aside to pay for underground utility projects in the city and Santee Cooper matches the fee.

Over the years, those funds have provided more than $30 million for underground utility projects. City Spokesman Mark Kruea says the fund now has more money than they have plans to spend it on. Instead of taking 2 percent of the fee for the fund, it will drop 1 percent and the city will receive the other 4 percent directly in their general fund."



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Tri-County Electric customer files lawsuit over board pay | The State

Tri-County Electric customer files lawsuit over board pay | The State: "It was drawn up by Columbia attorney Graham Newman, who specializes in class-action lawsuits. With a federal judge's permission, all of Tri-County's 13,600 customers in Calhoun, Orangeburg, Richland, Lexington, Kershaw and Sumter counties would be added as plaintiffs. "



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Subpoena suggests SEC investigating Santee Cooper's disclosures of nuclear project problems | Business | postandcourier.com

Subpoena suggests SEC investigating Santee Cooper's disclosures of nuclear project problems | Business | postandcourier.com: "In a new line of questioning, Securities and Exchange Commission investigators in Atlanta asked how Santee Cooper, a state-owned utility, handled a highly critical audit more than a year before they called off construction on a pair of nuclear reactors at the V.C. Summer Nuclear Station, near Columbia.

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Monday, May 21, 2018

Southern Selling Florida Assets to NextEra for $5.1 Billion - Bloomberg

Southern Selling Florida Assets to NextEra for $5.1 Billion - Bloomberg: "Southern Co. will sell nearly all the assets it owns in Florida to NextEra Energy Inc. for $5.1 billion as the utility owner pushes to cut debt and pursue a long-delayed nuclear project.

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Friday, May 18, 2018

Utilities join with Tesla to sue EPA over fuel standard rollback | Utility Dive

Utilities join with Tesla to sue EPA over fuel standard rollback | Utility Dive: "A coalition of utilities and electric transportation companies sued the Enviornmental Protection Agency earlier this month over its efforts to roll back automotive fuel efficiency standards set by the Obama administration.  The suit, first reported by Axios, includes a dozen utilities, seven of which are Exelon or its subsidiaries. They asked the D.C. Circuit to review Trump's decision to reassess fuel economy standards from 2020 to 2026. The suit is another indication that utilities are beginning to lean into policy battles over electric vehicles. Last month, utilities helped defeat an anti-EV policy resolution at the American Legislative Exchange Council (ALEC), a conservative policymaking forum. "



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Friday, May 11, 2018

SC lawmakers will work overtime on budget, nuclear issues | The State

SC lawmakers will work overtime on budget, nuclear issues | The State: "Legislators also still must take up bills addressing the failure of the V.C. Summer nuclear construction project in Fairfield County. That project has cost SCE&G's power customers $2 billion already and continues to cost them $37 million a month in the form of higher power bills. "



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Thursday, May 10, 2018

SC solar power debate concerns subsidies, regulated monopolies | The State

SC solar power debate concerns subsidies, regulated monopolies | The State: "Our investor-owned utilities should be properly compensated for doing a good job. But for that to happen, we need to institute a regulatory process that tells them what our definition of a good job is. Otherwise that definition will come from the shareholders, who largely care nothing about South Carolina. "



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Santee Cooper paid for SCANA executives' VC Summer bonuses | The State

Santee Cooper paid for SCANA executives' VC Summer bonuses | The State: "SCANA continued to bill Santee Cooper for its nuclear-related bonuses until Aug. 31, 2017, when it requested another $3.3 million. That was the first time that Santee Cooper refused to subsidize SCANA's bonuses to its managers and executives for their work on the nuclear project.

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Tuesday, May 8, 2018

High-profile S.C. PSC elections pushed back | The Nerve

High-profile S.C. PSC elections pushed back | The Nerve: "Thursday’s PSC elections – which is on Confederate Memorial Day, a state holiday – are set to begin at 11 a.m. in a joint session of the General Assembly. The elections were scheduled in a resolution introduced on April 24 by PURC’s three Senate members – PURC chairman Thomas Alexander, R-Oconee, and the Labor, Commerce and Industry Committee chairman; Luke Rankin, R-Horry, who, as the Senate Judiciary Committee chairman, appoints five of PURC’s 10 members; and Brad Hutto, D-Orangeburg.

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Tuesday, May 1, 2018

SC Senate pushes consumer advocate bill after nuclear fiasco | The State

SC Senate pushes consumer advocate bill after nuclear fiasco | The State: "If passed, the proposals would give S.C. power customers — for the first time since 2004 — an attorney fighting for them in utility rate-hike cases. Lawmakers have proposed bringing back the "consumer advocate" after Cayce-based SCE&G was able to win nine rate hikes in less than a decade from the S.C. Public Service Commission in order to bankroll the doomed V.C. Summer nuclear expansion project."



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Tougher utility regulations advance, as attorneys argue over failed S.C. nuclear project | Business | postandcourier.com

Tougher utility regulations advance, as attorneys argue over failed S.C. nuclear project | Business | postandcourier.com: "The legislation could also make it easier for the Office of Regulatory Staff and the environmental groups that are challenging SCANA to prove the utility mislead regulators or failed to disclose vital information about the nuclear project. 

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