Santee Cooper Board approves 2022 Budget

Santee Cooper Board approves 2022 Budget

Posted December 6, 2021  |   Media Contact

MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved today a $2.1 billion budget for 2022. The 2022 budget includes $1.8 billion for the electric system, $9.8 million for the water systems, and $312.7 million for capital expenditures. 

Approximately 38% of the $1.8 billion electric system budget is allocated for fuel and purchased power. The Board also approved the 2023 and 2024 budgets for planning purposes. 

The $312.7 million for construction and capital equipment spending includes: 

  • $71.4 million primarily for environmental projects 
  • $241.3 million for the transmission and distribution systems and system-wide improvements 

“With the Board of Directors approval of the 2022 budget, Santee Cooper will continue our commitment to keep prices stable, increase value for our customers, and provide low-cost, affordable, reliable and environmentally responsible power and water,” said Mark Bonsall, Santee Cooper President and CEO. 

Author Santee Cooper

Santee Cooper

Santee Cooper has served the people of South Carolina for 90 years. Santee Cooper is the state’s largest power provider and the ultimate source of electricity for 2 million people across the state. It also provides clean drinking water to more than 200,000 people. Through its affordable, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper helps power South Carolina. To learn more, visit www.santeecooper.com and follow #PoweringSC on social media.