MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved today an Assignment and Purchase Agreement with Citibank, N.A., to sell the monetary rights of its portion of the $2.168 billion Toshiba Guaranty Settlement Claim. The agreement does not include the first-scheduled payment from Toshiba of $150 million. The agreement pays 91.5 percent of the settlement claim and Santee […]
MONCKS CORNER, S.C.–Nine months after a tractor trailer crashed into the Moncks Corner Huddle House and shut it down, the popular restaurant is getting ready to celebrate it’s grand re-opening. Huddle House is inviting the community to join in on the September 30th festivities. On Saturday from 9 a.m. to 2 p.m., the restaurant is offering Golden Waffles for 50 […]
MONCKS CORNER, S.C. – From Sept. 25 through Oct. 15, Santee Cooper will conduct helicopter applications of Environmental Protection Agency (EPA) approved herbicides to control giant cutgrass in Lake Moultrie. These applications should improve lake access for residential and commercial properties and improve recreational opportunities and wildlife habitats within the Santee Cooper Lakes system. To notify boaters of spray operations, […]
MONCKS CORNER, S.C. – Santee Cooper personnel are making preparations for potential damages to our service territory from Hurricane Irma. Approximately 2 million South Carolinians depend on the state-owned electric and water utility as their power source, either directly or through the state’s electric cooperatives. Earlier today, Santee Cooper went to a Condition 4 alert status. This means potential disaster-causing […]
South Carolina Governor Henry McMaster recently proclaimed September 4-8 Payroll Week in the Palmetto State. This annual event, held in conjunction with the larger National Payroll Week, has been hosted by the American Payroll Association since 1996. The week is used as a time to say thank you to payroll professionals and to educate employees on ways to get the […]
Gas prices continue to rise as an effect of Hurricane Harvey. In South Carolina, the statewide average is $2.26 – a seven cent increase overnight and a 20 cent increase since before Harvey. At $2.45, today’s national gas price average is the highest recorded price for a gallon of unleaded gasoline so far this year. The near-term combinations of numerous […]
MONCKS CORNER, S.C. – Santee Cooper President and CEO Lonnie Carter announced Friday his retirement from Santee Cooper after a 35-year career that saw Santee Cooper triple in generating capacity and number of customers served. Carter will leave Santee Cooper with rates lower than the state and national averages, customer satisfaction ratings well above the national average, and reliability and […]
MONCKS CORNER, S.C. – Santee Cooper will test its sirens located below the Santee Dam and in the Santee River floodplain on Aug. 22 at approximately 9 a.m. The siren tests will be part of full-scale exercise to test Santee Cooper’s Emergency Action Plan for Dam Failure. The exercise will involve various municipal, county, state and federal agencies. “Safety is […]
MONCKS CORNER, S.C. – The Santee Cooper Board of Directors recently authorized management to withdraw two proposed rate increases that if approved, would have taken effect in 2018 and 2019. The action follows the Board’s suspension last week of the construction of two nuclear power units at V.C. Summer Nuclear Station. The Board’s vote cancels all steps in the rate […]
MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved today the suspension of construction of Units 2 and 3 at V.C. Summer Nuclear Station in Jenkinsville, SC. The decision is anticipated to save Santee Cooper customers nearly $7 billion in additional costs to complete the project, including projected interest during construction. The decision to suspend construction is based […]
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