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News Releases


01/20/2016

MONCKS CORNER, S.C. — Santee Cooper has concluded spilling operations from the Santee Dam on Lake Marion. The gates at the Santee Spillway were closed on the afternoon of Monday, Jan. 18. Prolonged rainfall throughout its watershed, combined with spilling operations from upstream reservoirs, brought increased inflows to the Santee [...]
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01/08/2016

MONCKS CORNER, S.C. — The Santee Cooper Board of Directors approved today the sale of $543,745,000 in revenue obligation bonds, with proceeds designated to refinance a portion of the utility's existing debt. The refunding produced approximately $78 million in net present value savings. The all-in true interest rate is 3.65 percent, and [...]
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01/04/2016

MONCKS CORNER, S.C. — Santee Cooper today is increasing its rate of spill from the Santee Spillway at the Santee Dam on Lake Marion to 97,000 cubic feet of water per second (cfs) — or approximately 725,000 gallons of water per second. Prolonged rainfall throughout its watershed, combined with spilling operations from upstream [...]
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12/29/2015

MONCKS CORNER, S.C. — The Santee Cooper Board of Directors today authorized management to execute a new power supply contract with Century Aluminum Co., to be effective Jan. 1, 2016. The three-year contract provides that Santee Cooper will deliver 100 percent of the Mt. Holly plant's electric needs. Beginning Feb. 1, 2016, Santee Cooper [...]
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12/18/2015

MONCKS CORNER, S.C. – Santee Cooper officials announced today that Century Aluminum Co. has accepted a deal in principle regarding power supply to the Mt. Holly plant. The agreement is subject to approval by each organization's board of directors. The deal would provide a new, three-year power contract through which Santee Cooper will [...]
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12/14/2015

MONCKS CORNER, S.C. — The Berkeley County legislative delegation met at Santee Cooper's headquarters today at 5 p.m. Santee Cooper's president and CEO and members of Executive Leadership met with the delegation regarding Century Aluminum's Mt. Holly plant. It was a good discussion, and Santee Cooper confirmed our willingness to extend [...]
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12/08/2015

MONCKS CORNER, S.C. — The Santee Cooper Board of Directors approved two new officers yesterday. Arnold R. Singleton is now a member of the executive leadership team as the senior vice president of power delivery, and Charles S. "Sam" Bennett II is vice president of administration. Singleton joined Santee Cooper in May 2014 as vice [...]
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12/07/2015

The Santee Cooper Board of Directors approved the sale of $300,000,000 in revenue obligation bonds at today’s meeting. The 2015 Series E includes $300,000,000 in tax-exempt bonds with maturities in 2051 through 2055. The term “tax exempt” means exempt from federal and South Carolina income taxes for South Carolina [...]
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12/07/2015

MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved a $2.7 billion budget for 2016 today at its regular monthly meeting. The board also approved the 2017 and 2018 budgets for planning purposes. The 2016 budget includes $1.8 billion for the electric system, $8.3 million for the water systems and $911.4 million for [...]
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12/07/2015

MONCKS CORNER, S.C. – The Santee Cooper Board of Directors authorized today a two-year rate adjustment for customers in 2016 and 2017 with an average annual increase between the two adjustments of approximately 3.7 percent. The board took no action on a proposed 2018 rate adjustment. Based on customer comments and management [...]
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Media Contact

____________________________

Mollie Gore

Manager of Corporate Communications
843-761-7093 (office)
843-312-8549 (mobile)
843-761-4122 (fax)

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