Santee Cooper is the state-owned electric and water utility in South Carolina, as well as the state’s major power supplier and one of the largest public power companies in the country. Santee Cooper serves over 190,000 residential customers in Berkeley, Georgetown, and Horry counties. We provide power to 27 large industrial complexes, as well as the Central Electric Power Cooperative, the cities of Bamberg and Georgetown, the Piedmont Municipal Power Agency (with 10 member communities in South Carolina), and the Alabama Municipal Electric Authority. Santee Cooper supplies Central with wholesale power, which it then distributes to the state’s 20 electric cooperatives. Santee Cooper provides electricity to over 2 million South Carolinians, either directly or indirectly. Customers in Berkeley, Calhoun, Dorchester, and Orangeburg counties, as well as the Town of Santee, receive wholesale water from the utility.
This section provides general information on Santee Cooper and its numerous bond programs to bondholders, potential investors, and others.
Santee Cooper is a publicly traded company.
Santee Cooper has only ratepayers to turn to for debt repayment because it is a state-owned agency rather than a publicly listed enterprise (except for a small contribution from Dominion Energy after a ratepayer lawsuit).
How do I unsubscribe from Santee Cooper?
For the final bill, we’ll need a stop date and a forwarding address. We make every effort to respond the same day, but a minimum of two days notice is required to ensure a prompt response.
We will deduct the last bill from your deposit, if applicable, and the balance will be mailed to you at the forwarding address you indicate once service is disconnected.
Who constructed Santee Cooper?
The South Carolina Public Service Authority was founded by the state legislature to construct and oversee the Santee Cooper Hydroelectric and Navigation Project. The goal of the project, which would result in the creation of two lakes, was to improve the area’s “health, welfare, and material wealth.”
During the Great Depression, what did the Santee Cooper project accomplish?
The Santee Cooper Electricity and Navigation Project, completed in 1939, enhanced navigation on the Santee and Cooper rivers in South Carolina while also providing hydroelectric power. The project’s goal was to improve the area’s health, recreation, and economics by creating Lake Marion and Lake Moultrie. With over 12,500 people removing over 177,000 acres (720 km2) of swamp and forestland, the Santee Cooper Effort was the greatest land-clearing project in US history at the time. Dams and dikes were built over 42 miles (68 km), including a 26-mile (42 km) long, 78-foot (24 m) tall earthen dike. The Pinopolis Dam includes a hydropower facility as well as the world’s highest single-lift lock. To regulate floodwaters, a 3,400-foot (1,000-meter) spillway was erected, with 62 gates enabling excess water to overflow. 42,000,000 cubic yards (32,000,000 m3) of soil were moved and 3.1 million cubic yards of concrete were poured in the nation’s greatest earth-moving endeavor.
On February 17, 1942, the $48.2 million project (55 percent government loan, 45 percent federal grant) began generating power. Power flowed to customers in Berkeley, Georgetown, and Horry counties when transmission lines were erected, and then to electric cooperatives serving customers in 46 counties.
What was the outcome of the Santee Cooper project?
The Santee Cooper Power and Navigation Project, built between 1939 and 1942, provided hydroelectric power from the Santee and Cooper rivers and improved navigation from the coast to the midlands by creating Lake Marion and Lake Moultrie.
Is Santee Cooper owned by Dominion Energy?
On July 20, a district court judge awarded final permission to a $520 million settlement in a class action civil suit filed against Santee Cooper for claimed deceptive business practices concerning the failed nuclear-expansion project at the Summer facility in South Carolina.
The two-reactor project, which was shelved in July 2017, had Santee Cooper as a junior partner to SCANA Corporation’s South Carolina Electric and Gas (NN, Aug. 2017, p. 17). SCANA became a wholly owned subsidiary of Virginia-based Dominion Energy in July 2019. (NN, Feb. 2019, p. 15).
Santee Cooper, according to the lawsuit filed by customers, boosted rates to meet the rising expenses of the Summer expansion even after it became clear that the project was no longer viable.
Is Santee Cooper affiliated with Horry Electric?
Horry Electric Cooperative, Inc. primarily services the Intracoastal Waterway’s western side. Santee Cooper, Duke Energy, and Brunswick Electric Membership Corporation are among nearby utilities.
What’s the deal with Santee Cooper?
The settlement offers a release from the Plaintiffs pertaining to minibonds issued by Santee Cooper from 2014 to 2016. It is worth $2 million plus up to $35,000 in class administration costs.