Tag: Santee Cooper

SC General Assembly Committees Attempt End Run Around Affected Electrical Cooperatives

Sub-committees of the SC House Labor Commerce and Industry Committee and the SC Senate Judiciary Committee published notice Monday that hearings would be held this week for the companion bills to amend the rules by which electrical cooperatives may contract for power.
It is extremely unusual for sub-committee hearings to be announced on Monday and held on Wednesday and Thursday of the same week of announcement.
It is not surprising in this case, however, as officials and directors of the state’s electric cooperatives are currently in Nashville, Tennessee for the annual conference of the National Rural Electric Cooperative Association,. The Senate sub-committee hearing for the bill sponsored by Horry County Sen. Luke Rankin is scheduled for Wednesday March 8, 2023 with House sub-committee hearing for the companion bill sponsored by Horry County Rep. Heather Crawford scheduled for Thursday March 9, 2023. The national conference is scheduled to run through March 8, 2023.
The general consensus among electric cooperative officials and their customers is the purpose of these bills is to force the co-ops to purchase their power from state owned Santee Cooper regardless of price. The bills require the co-ops to submit any proposed contracts for the purchase of power for approval from the Joint Bond Review Committee, the Public Utilities Review Committee and the Public Service Commission.

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Bills Sponsored by Rankin and Crawford Expected to Increase Electricity Bills

Companion bills filed by Rep. Heather Crawford and Sen. Luke Rankin, in the two houses of the SC General Assembly, appear to have a goal of requiring electrical cooperatives to purchase electricity from Santee Cooper regardless of the cost.
The bills, introduced by Rankin in the Senate on February 9, 2023 and by Crawford in the House on February 28, 2023, read as follows: “A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 58-37-40, RELATING TO INTEGRATED RESOURCE PLANS, SO AS TO PROVIDE THAT CENTRAL ELECTRIC POWER COOPERATIVE MUST SUBMIT ALL PROPOSED CONTRACTS OR OTHER PLANS FOR THE PROCUREMENT OF ELECTRIC GENERATION TO THE JOINT BOND REVIEW COMMITTEE, THE STATE REGULATION OF PUBLIC UTILITIES REVIEW COMMITTEE, AND THE PUBLIC SERVICE COMMISSION OF SOUTH CAROLINA PRIOR TO EXECUTION.”
Central Electric Power Cooperative provides wholesale electric service to South Carolinas electric cooperatives such as Horry Electric Cooperative and Pee Dee Electric Cooperative. It obtains most of its power through long term purchase agreements with Santee Cooper, Duke Energy Carolinas, and the Southeastern Power Administration.

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Santee Cooper, Corp. Welfare and Rising Rates

Santee Cooper and 20 associated electric coops in the state are providing economic development cash and rate cuts while raising the rates on current customers.

The electric company’s board recently approved rate hikes of 3.5 percent per year for the next two years for its residential, commercial, industrial and municipal customers. This on top of a rate increase in 2010, which brings the total increase into double digits.

At the same time, Santee Cooper provides tens of thousands of dollars in economic development incentives and up to a 20 percent rate reduction for new or expanding companies.

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