MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved a $2.9 billion budget for 2015 today at its regular monthly meeting. The board also approved the 2016 and 2017 budgets for planning purposes.
The 2015 budget includes $2.1 billion for the electric system, $8.1 million for the water systems and $807.7 million for capital expenditures. Approximately 50 percent of the $2.1 billion electric system budget is allocated for fuel and purchased power.
“This 2015 budget holds the line on overall costs from 2014, and that reflects hard work by every department at Santee Cooper,” said Lonnie Carter, president and CEO. “Although we have had costs increase in some operating areas, our employees overall are focused on efficient, innovative work that has saved money in other areas. The bottom line is positive for customers, in terms of the reliable, affordable and environmentally protective electricity and water we provide them.”
The $807.7 million for construction and capital equipment expenditures includes:
- $509.6 million for construction of new nuclear generating units
- $80.5 million for renewable generation and environmental control improvements
- $217.6 million for the transmission and distribution systems and system-wide improvements
Santee Cooper is South Carolina’s largest power producer, the largest Green Power generator and the ultimate source of electricity for 2 million people across the state. Through its low-cost, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper powers South Carolina. To learn more, visit www.santeecooper.com.
- ‘Light The Way For Hope’ Ceremony To Remember Those Lost To Overdose - August 22, 2024
- Berkeley County Opening Emergency Shelters Ahead of Debby - August 5, 2024
- Nearly Century-Old St. Stephen School To Be Torn Down - March 20, 2024
Recent Comments