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A break for Mid-Carolina Co-op members

Santee Cooper promises no rate hikes for 5 years

Here’s good news for Mid-Carolina Electric members in Lexington County.

Santee Cooper’s new executive team plans to freeze rates for the next 5 years.

They also have a plan to pay off part of their $4 billion nuclear fiasco debt.

To avoid lawmakers selling Santee Cooper, they plan to add solar energy, a new gas-fired power plant and cost sharing with an investor-owned Georgia utility.

Word of Santee Cooper’s plans reached state lawmakers and set off a dispute between new CEO Mark Bonsall and Sen. Hugh Leatherman, the powerful Senate Finance Committee chair, the Charleston Post and Courier reported.

For what Leatherman is worried about, see details in Thursday's Chronicle
 

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