Santee Cooper Board approves Turka settlement

Santee Cooper Board approves Turka settlement

Santee Cooper Board approves Turka settlement

MONCKS CORNER, S.C. –The Santee Cooper Board of Directors today approved a settlement agreement in the case of Murray C. Turka et al v. South Carolina Public Service Authority et al. The agreement resolves Plaintiffs’ claims related to certain minibonds and authorizes management to execute the settlement agreement, which will then be submitted to the U.S. District Court to consider approval.

The settlement, for $2 million plus up to $35,000 for costs of class administration, provides a release from the Plaintiffs related to minibonds that Santee Cooper issued from 2014 to 2016.

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.