Santee Cooper and ELECTRIC CO-OPS

The state’s utility company, Santee Cooper, owns 45% of the now abandoned nuclear plant construction project and thus it is responsible for 45% of the capital costs already incurred.  So when the Public Service Commission approved increased construction costs for SCE&G, it is also approved increased costs for Santee Cooper and its customers. Thirty percent of those additional construction costs for Santee Cooper are passed on to the 1.5 million ratepayers who receive their electricity directly from the utility.  Thus 70% of the additional Santee Cooper costs are passed on to the electric co-operatives that buy electricity from the utility.