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

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.

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