Tag: Santee Cooper

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Pinopolis Lock Out of Service Oct. 25th – Nov. 8th

MONCKS CORNER, S.C. – The Pinopolis Lock on Lake Moultrie at Jefferies Hydroelectric Station will be out of service from Oct. 25 through Nov. 8 for planned maintenance. Once the lock reopens, winter operating hours will begin. The hours are from 8 a.m. to 5:30 p.m., weather permitting. As part of the outage, Santee Cooper and the South Carolina Department […]

Business

Santee Cooper Names Interim CEO and COO

MONCKS CORNER, S.C. – The Santee Cooper Board of Directors recently named James E. Brogdon Jr. interim president and CEO. Brogdon retired from Santee Cooper in 2014 as general counsel and executive vice president. Current President and CEO Lonnie Carter announced his retirement Aug. 25. The Board also named Marc R. Tye, Santee Cooper executive vice president of competitive markets […]

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Santee Cooper Approves Monetization of Toshiba Guaranty

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 […]

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Santee Cooper To Conduct Aerial Treatments To Control Invasive Plants In Lake Moultrie

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, […]

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Santee Cooper Preparing For Hurricane Irma

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 […]

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Santee Cooper CEO Retires After 35 Years

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 […]

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Attention Boaters: Pinopolis Lock Will Not Operate During The Eclipse

MONCKS CORNER, S.C. – The Pinopolis Lock will not operate on Monday, Aug. 21, from 1:15 p.m. to 4:15 p.m., the timeframe during the eclipse. The lock, located on Lake Moultrie at the Jefferies Hydroelectric Station, will cease operations during that time for safety reasons. Digital signage at the lock will display the current operating status. Please remember that the […]

Business

Santee Cooper Testing Santee Dam Sirens Aug. 22nd

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 […]

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Santee Cooper Board Cancels Rate Adjustment Process

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 […]

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Santee Cooper Suspends Nuclear Construction

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 […]