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Berkeley County Delegation met at Santee Cooper



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 essentially the same terms of Century's current power contract for Mt. Holly for three years, with an option for Century to cancel the contract after six months. Santee Cooper has had that same basic offer on the table to Century for some time.

Santee Cooper appreciates the legislators' willingness to get involved. Santee Cooper does not want to lose the Mt. Holly plant, but we cannot offer more than we already have. Anything else would increase costs to our other customers, which is not fair to these other customers and also violates provisions in our enabling legislation. As a state agency, Santee Cooper does not make a profit and so any additional concessions to Century would be borne by our other customers.

If the legislature wishes to address relief measures for Century, the six-month-out provision in our contract offer would give Century the ability to continue operations through the 2016 legislative session. Santee Cooper applauds this legislative outreach to Century and again urges Century's leadership to take the offer.

Santee Cooper is South Carolina's largest power provider, the largest Green Power generator and the ultimate source of electricity for 2 million people across the state. Through its low-cost, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper powers South Carolina. To learn more, visit www.santeecooper.com