Santee Cooper Board Approves 2021 Budget

Santee Cooper Board Approves 2021 Budget

Santee Cooper Board Approves 2021 Budget

MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved today a $2 billion budget for 2021. The 2021 budget includes $1.7 billion for the electric system, $9.7 million for the water systems and $313.4 million for capital expenditures. 

Approximately 36% of the $1.7 billion electric system budget is allocated for fuel and purchased power. The Board also approved the 2022 and 2023 budgets for planning purposes. 

The $313.4 million for construction and capital equipment spending includes: 

  • • $49.8 million primarily for environmental projects 
  • • $263.6 million for the transmission and distribution systems and system-wide improvements 

“The 2021 budget reflects our commitment to increasing value for our customers and holding prices stable, while continuing to provide low-cost, extremely reliable and environmentally responsible power and water,” said Santee Cooper President and CEO Mark Bonsall. 

Author Santee Cooper

Santee Cooper

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 and follow #PoweringSC on social media.