Weekly Legislative Updates for February 4th – 8th

By February 9, 2019Blog

February 8, 2019

The House Ways and Means Committee announced it will meet the week of February 18th with the goal of debating the budget on the floor the week of March 11th

Legislature Receives Four Legitimate Bids to Purchase Santee Cooper

The state received the report commissioned to evaluate offers for the purchase of Santee Cooper last Friday. The report, compiled by consultant ICF, detailed four legitimate offers for purchase. Of the four offers, three vowed to prevent customers from paying any more for the abandoned nuclear facilities at V.C. Summer. The report also suggests that the sale of Santee Cooper would ensure that its customers would ultimately pay less for the abandoned facilities than SCE&G customers.

The state received 15 offers from 10 parties, but ICF noted that only four offers met the criteria set by the legislators last fall to evaluate a potential sale. Representatives from ICF testified before the committee this week, where legislators offered questions and asked ICF to continue gathering details on legitimate offers. Sen. Paul Campbell (R-Berkeley) and Rep. Murrell Smith (R-Sumter), co-chairmen of the special study committee, expect the committee’s review of the four legitimate offers to take time due to the complicated nature of the potential sale, but they hope to take a recommendation to the legislature in 2020. 

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