Santee Cooper

Santee Cooper leaders say increasing fuel costs have led the state-owned utility to cut $100 million from its budget. Santee Cooper can't increase electricity rates on its customers for three more years after its role in the failed building of two nuclear reactors. The utility says it is still trying to identify exactly where the cuts will be made, but doesn't anticipate layoffs or job cuts. Officials at Monday's Santee Cooper board meeting suggested taking $30 million from operating and maintenance and $70 million from capital projects. The utility says fuel costs have increased $130 million.

A fourth business executive faces criminal charges stemming from a federal investigation into a failed multibillion-dollar project to build two nuclear reactors in South Carolina, authorities announced Wednesday.

Investors who lost fortunes in the failure of a multi billion-dollar nuclear reactor construction deal in South Carolina will soon begin to see their portions of a $192 million settlement, under a recently approved distribution.

Santee Cooper, South Carolina’s state-owned utility, appears to have survived four years of turmoil to remain public after the South Carolina House and Senate both unanimously approved an overhaul bill Tuesday that does not include its sale to a private company.

The South Carolina legislative leaders most ardent about selling state-owned utility Santee Cooper said Tuesday it's obvious there are no interested buyers and signed off on an overhaul proposal that leaves the utility publicly owned.

Santee Cooper is taking applications from companies that want to use its extra fiber and transmission lines to bring broadband internet to rural areas.

A powerful group of South Carolina House and Senate leaders met Wednesday, pledging to take differences in each chamber's proposal to overhaul state-owned utility Santee Cooper to their members before getting together again next week to vote on a compromise.

Six of South Carolina's most influential lawmakers will get together soon to see if they can agree on a proposal to overhaul state-owned utility Santee Cooper.

The South Carolina House is insisting the state continue to accept offers to sell Santee Cooper, meaning the fate of a bill to overhaul the state-owned utility will go down to the wire at this year's session.

The South Carolina Senate approved a bill Thursday that would turn over almost the entire board of power company Santee Cooper, but it doesn't seek new bids to sell the state-owned utility.