SCANA, Santee Cooper ratepayers want receiver to control money from failed nuclear deal | Business | postandcourier.com: "Customers who are suing Santee Cooper and SCANA Corp. over the scuttled V.C Summer nuclear project are asking that a receiver be appointed to oversee funds the utilities have collected and will continue to collect for the failed expansion.
One of the arguments that their lawyer made to support the request is that the power providers “are in danger of insolvency.”
“If … Santee Cooper and SCANA are not currently insolvent, there is certainly the threat of ... insolvency,” Columbia attorney Cameron Lewis wrote in legal filing Friday."
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