We were wrong.

The Chronicle reported this week that debt-ridden Santee Cooper has been paying an investment banker $150,000 a month for advice.

Santee Coooer officials have now admitted to state senators that they have actually been paying $250,000 a month for at least 4 months to Centerview Partners for advice.

The payments were for assessment of offers to buy the taxpayer-owned utility.

Why is this important to Chronicle readers?

Most of us are taxpayers.We own Santee Cooper and its $8 billion debt.

Many of us are Mid-Carolina Electric Cooperative members. 

Some or all of our elecgtricity is bought from Santee Cooper.

Its sale, who runs it and who has to pay off its $8 billion debt will affect members’ electric rates

More in Thursday's Chronicle.

For a free 3-month online subscription, call 803-359-7633.