Co-ops sue Santee Cooper to stop VC Summer nuclear charges | The State

Co-ops sue Santee Cooper to stop VC Summer nuclear charges | The State: "Central, which is run by the co-ops, is on the contractual hook to pay about $2.8 billion of Santee Cooper’s $4 billion in nuclear-related debt. Central, which buys electricity from Santee Cooper and then distributes it to the co-ops, says it shouldn’t have to pay more for two reactors that won’t be finished.

ADVERTISING


inRead invented by Teads
"



'via Blog this'

Feds to award rural broadband money to bidding providers

Feds to award rural broadband money to bidding providers: "Up to $2 billion in federal funding is intended to help offset the cost of extending broadband service into rural areas throughout the country over the next decade.


The FCC will distribute the money through what it calls “an innovative reverse auction,” in which internet service businesses submit proposals for service in regions with no internet.

The FCC says the funding program could provide opportunities “for new entrants to the marketplace, regardless of technology, including phone companies, fixed wireless service providers, satellite providers, cable companies and electric utility broadband providers.”"



'via Blog this'

Study Says Abandoned Reactor Parts Worth $860 Million | South Carolina News | US News

Study Says Abandoned Reactor Parts Worth $860 Million | South Carolina News | US News: "The Post and Courier of Charleston reported the study was prepared by a national engineering firm for South Carolina Electric & Gas Co. before the utility and the state-owned Santee Cooper decided to drop construction after spending $9 billion.

"



'via Blog this'

Coalition calls for energy policies to benefit environment, people > Columbia Business Report

Coalition calls for energy policies to benefit environment, people > Columbia Business Report: "A coalition led by Florence-headquartered New Alpha Community Development Corp., the Sierra Club and the Dogwood Alliance urged elected leaders to support legislation to advance a transition to clean energy and protect customers from costly projects such as the failed V.C. Summer nuclear reactors.

"



'via Blog this'

South Carolina lawmakers getting pro-SCE&G emails impersonating constituents | Palmetto Politics | postandcourier.com

South Carolina lawmakers getting pro-SCE&G emails impersonating constituents | Palmetto Politics | postandcourier.com: "One email came from one of Simrill's friends in Rock Hill, William Barron, even listing his home address. But Simrill noticed the email address was different from the one he had on file. What's more, SCE&G doesn't sell electricity in Rock Hill.

"



'via Blog this'

SC Legislature creating false hope about nuclear fiasco | The State

SC Legislature creating false hope about nuclear fiasco | The State: "Most of those false hopes of course are about the financial cost of the project, which SCANA and Santee Cooper plowed more than $9 billion into before abandoning construction of two nuclear reactors in July. Most outlandish is the idea that the Legislature will pass a bill that relieves us from paying any more for the project — and refunds the more than $2.5 billion we’ve already paid. Even those lawmakers who are warning about false hope are still suggesting that our future payments can be reduced dramatically, if not eliminated.

"



'via Blog this'

Electricity customers soaked by high power bills in SC | The State

Electricity customers soaked by high power bills in SC | The State: "S.C. residents paid an average of $1,753 last year for electricity, about $400 more than the U.S. average, according to the U.S. Energy Information Administration. That’s almost twice as much as residents of New Mexico, the state with the lowest residential electricity costs, the report said.

"



'via Blog this'

Pacolet Milliken denies newspaper report that it is offering $10 billion to buy South Carolina-owned utility Santee Cooper - Charlotte Business Journal

Pacolet Milliken denies newspaper report that it is offering $10 billion to buy South Carolina-owned utility Santee Cooper - Charlotte Business Journal: "But Greenville, S.C.-based Pacolet Milliken released a statement saying it “has not made any offers to purchase Santee Cooper,” though the private investment firm added that it “has no further comment at this time.”

"



'via Blog this'

Lake Wylie to hold water and sewerrate increase public hearing | WRHI

Lake Wylie to hold water and sewerrate increase public hearing | WRHI: "Lake Wylie residents will have the opportunity at 6:30 p.m. on March 6th to testify in the Carolina Water Service rate increase case.

"



'via Blog this'

NextEra May Want to Take Over a S.C. Utility, But at What Price? - Bloomberg

NextEra May Want to Take Over a S.C. Utility, But at What Price? - Bloomberg: "The problem is, state senators who’ve been privy to conversations with NextEra can’t seem to figure out exactly how much it’s willing to pay. Depending on who you talk to, the company has thrown out figures ranging from $6 billion to $15.9 billion, state Senator Luke Rankin said in an interview. A second senator, Shane Massey, said he knew only of NextEra expressing interest in the utility and didn’t recall it ever giving firm numbers.

"



'via Blog this'

SC House votes to fire Public Service Commission members | The State

SC House votes to fire Public Service Commission members | The State: "The S.C. House voted 108-1 Thursday to fire the seven members of the state Public Service Commission over the next two years, sending to the Senate a proposal that would shake up the utility’s regulator ahead of one of its most important rulings ever.

"



'via Blog this'

McMaster says there is potential for better deal than Dominion-SCANA merger | News | aikenstandard.com

McMaster says there is potential for better deal than Dominion-SCANA merger | News | aikenstandard.com: "“Dominion is one of several that are interested,” said McMaster while answering questions following his speech to the Rotary Club of Aiken at Newberry Hall. “I am fairly confident that there will be other offers. There are a lot of negotiations going on right now behind the scenes that you just don’t hear about."

"



'via Blog this'

More than a power company; talk of selling Santee Cooper has some worried | News | thetandd.com

More than a power company; talk of selling Santee Cooper has some worried | News | thetandd.com: "n addition to selling power, Santee Cooper is involved in a broad range of projects including treating water at plants on Lake Marion and Lake Moultrie.

It sells water to the Lake Marion Regional Water Agency at wholesale price. The agency serves Orangeburg County and the towns of Santee, Bowman and Vance. It also includes Calhoun, Berkeley and Dorchester counties."



'via Blog this'

S.C. electric co-ops ask legislators to explore selling Santee Cooper | Palmetto Politics | postandcourier.com

S.C. electric co-ops ask legislators to explore selling Santee Cooper | Palmetto Politics | postandcourier.com: "Co-op officials have heard from "more than two handfuls of companies" interested in buying at least parts of Santee Cooper or managing the Moncks Corner-based utility. The co-ops also want to make a sales pitch, but legislators need to establish the rules, Couick said.

"



'via Blog this'

Tensions rising as S.C. senators start addressing $9 billion nuclear plant debacle | Business | postandcourier.com

Tensions rising as S.C. senators start addressing $9 billion nuclear plant debacle | Business | postandcourier.com:

The fight boils down to one thing: SCANA's attorneys argue the public service commissioners only have a few months to make a decision on the regulatory case the company filed in January. Otherwise, SCANA says it automatically gets to recover $3.3 billion from customers over the next 20 years and its proposed merger with Dominion Energy would go through. 

'via Blog this'

SCANA says it’s prepared to fight potential legislation > Columbia Business Report

SCANA says it’s prepared to fight potential legislation > Columbia Business Report: "“In the event legislation is passed that interferes with the regulatory process and changes the legal standards for recovery of those costs in a way that would inflict severe damage on the company, the company would have no choice but to seek legal recourse at that time.”

"



'via Blog this'

SCANA says it’s prepared to fight potential legislation > Columbia Business Report

SCANA says it’s prepared to fight potential legislation > Columbia Business Report: "“In the event legislation is passed that interferes with the regulatory process and changes the legal standards for recovery of those costs in a way that would inflict severe damage on the company, the company would have no choice but to seek legal recourse at that time.”

"



'via Blog this'