Follow Me

Aug 222018
 

South Carolina’s 20 electric cooperatives have a big stake in financial fallout from the V.C. Summer nuclear power plant abandoned a year ago by Santee Cooper and SC Electric & Gas.  That’s according to Lou Green, communications executive vice president for the Electric Cooperatives of SC.  Green (left in photo with Rotarian Tony Thompson) was Capital Rotary’s Aug. 22 guest speaker.  He said co-ops are focused on financial impacts that resolution of the $9 billion failure might have on their 1.5 million customers.  They are especially concerned about Santee Cooper’s fate since co-ops are the state-owned utility’s biggest customer base.  Twenty-three lawsuits plus various legislative actions complicate the issue, but Green noted that a special committee is meeting now to study the idea of selling Santee Cooper to pay off its nuclear debt.  “The state needs to come up with a process and bring options to the legislature,” Green said.  “They’re the only ones who can make a decision about Santee Cooper.”  Green joined the state co-ops organization in 1992 after working in radio and television.   He is a University of Georgia graduate with a master’s degree from the University of South Carolina.

Guest speaker Lou Green

© Copyright 2013-2018 by Capital Rotary Club Website by POSITUS Consulting, llc