Advertisement

S Carolina’s state-owned utility survives as public company

South Carolina House Speaker Jay Lucas, right, R-Hartsville, asks fellow House members to...
South Carolina House Speaker Jay Lucas, right, R-Hartsville, asks fellow House members to accept a compromise bill that would reform state-owned utility Santee Cooper as House Minority Leader Todd Rutherford, D-Columbia, listens on Tuesday, June 8, 2021, in Columbia, S.C. The bill unanimously passed the House and Senate without a provision to sell Santee Cooper. (AP Photo/Jeffrey Collins)(Jeffrey Collins | AP)
Published: Jun. 9, 2021 at 7:52 AM EDT
Email This Link
Share on Pinterest
Share on LinkedIn

COLUMBIA, S.C. (AP) - South Carolina’s state-owned utility appears to have survived four years of turmoil to remain public.

The South Carolina House and Senate both unanimously approved an overhaul bill Tuesday that did not include selling Santee Cooper to a private company.

The utility’s future has been uncertain since July 2017, when construction of a pair of nuclear reactors in which the utility was a minority partner stopped before completion, leaving the company billions of dollars in debt.

The bill heads to Gov. Henry McMaster’s desk. He says he wants to read it before deciding whether to sign it. But the measure gained enough votes in the House and Senate to make it veto-proof.

Copyright 2021 The Associated Press. All rights reserved.