SC House passes bill to remove Santee Cooper board, initiate stu - wistv.com - Columbia, South Carolina

OTHER

SC House passes bill to remove Santee Cooper board, initiate study of state-owned utility

(Source: Florencebballer/Wikimedia Commons) (Source: Florencebballer/Wikimedia Commons)
COLUMBIA, SC (WIS) -

The South Carolina State House of Representatives passed a bill that would remove Santee Cooper's Board of Directors and set up a committee to study the sale of the state-run utility. 

The bill, which passed 104-7 on Tuesday will now go to the State Senate for a vote. 

Governor Henry McMaster released a statement in favor of the bill's passage, saying: 

Santee Cooper is saddled with $8 billion dollars in debt - $4.3 billion of it comes from the failed VC Summer project. The leadership of this rogue agency has demonstrated on numerous occasions that their interest lies in protecting their own jobs rather than protecting their own ratepayers. 

As I have stated before — the only feasible solution to protect ratepayers from shouldering this debt is the sale of Santee Cooper.

Speaker Lucas and the House of Representatives have shown tremendous leadership in their efforts to protect the ratepayers of our state. This legislation will allow the future of Santee Cooper to be objectively determined through a transparent and accountable process that places the interests of taxpayers and ratepayers first. 

I applaud the House for taking this historic first step and urge the Senate to pass it without delay.

Check back for more updates. 

Copyright 2018 WIS. All rights reserved. 

  • South Carolina news on WIStv.comNEWSMore>>

  • Barbara Bush was 'first lady of the greatest generation'

    Barbara Bush was 'first lady of the greatest generation'

    Saturday, April 21 2018 12:04 AM EDT2018-04-21 04:04:04 GMT
    Saturday, April 21 2018 1:37 PM EDT2018-04-21 17:37:16 GMT
    (AP Photo/Evan Vucci). Mourners pause as former U.S. first lady Barbara Bush lies in repose during the visitation of former first lady Barbara Bush at St. Martin's Episcopal Church, Friday, April 20, 2018, in Houston.(AP Photo/Evan Vucci). Mourners pause as former U.S. first lady Barbara Bush lies in repose during the visitation of former first lady Barbara Bush at St. Martin's Episcopal Church, Friday, April 20, 2018, in Houston.

    As the outpouring of tributes continues for Barbara Bush, the general public can pay its respects to the former first lady.

    More >>

    As the outpouring of tributes continues for Barbara Bush, the general public can pay its respects to the former first lady.

    More >>
  • Trump says he doesn't think personal lawyer will 'flip'

    Trump says he doesn't think personal lawyer will 'flip'

    Saturday, April 21 2018 9:14 AM EDT2018-04-21 13:14:09 GMT
    Saturday, April 21 2018 1:36 PM EDT2018-04-21 17:36:49 GMT
    (AP Photo/Mary Altaffer, File). FILE - In a Monday, April 16, 2018, file photo, Michael Cohen, President Donald Trump's personal attorney, center, leaves federal court, in New York. Federal prosecutors said they can give President Donald Trump's person...(AP Photo/Mary Altaffer, File). FILE - In a Monday, April 16, 2018, file photo, Michael Cohen, President Donald Trump's personal attorney, center, leaves federal court, in New York. Federal prosecutors said they can give President Donald Trump's person...

    President Donald Trump says he doesn't expect personal lawyer Michael Cohen to "flip" as the government investigates Cohen's business dealings.

    More >>

    President Donald Trump says he doesn't expect personal lawyer Michael Cohen to "flip" as the government investigates Cohen's business dealings.

    More >>
  • The Latest: Bush was 'first lady of the greatest generation'

    The Latest: Bush was 'first lady of the greatest generation'

    Saturday, April 21 2018 10:44 AM EDT2018-04-21 14:44:47 GMT
    Saturday, April 21 2018 1:36 PM EDT2018-04-21 17:36:29 GMT
    (AP Photo/Evan Vucci). Attendees arrive at St. Martin's Episcopal Church for a funeral service for former first lady Barbara Bush, Saturday, April 21, 2018, in Houston.(AP Photo/Evan Vucci). Attendees arrive at St. Martin's Episcopal Church for a funeral service for former first lady Barbara Bush, Saturday, April 21, 2018, in Houston.

    Guests have begun to arrive at St. Martin's Church in Houston for the funeral of former first lady Barbara Bush.

    More >>

    Guests have begun to arrive at St. Martin's Church in Houston for the funeral of former first lady Barbara Bush.

    More >>
Powered by Frankly