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Santee Cooper Class Action Lawsuit

A Small Win For Santee Cooper Direct-Serve And Electrical Cooperative Customers

While Santee Cooper’s millions of direct-serve and electrical cooperative customers await a decision from lawmakers on the future of the state-owned utility, a trial date has been set for the ongoing lawsuit between Santee Cooper and its customers.

Last week, former South Carolina Supreme Court Chief Justice, special Judge Jean Toal, set the trial date for April 20.

The decision was a significant blow to debt-riddled Santee Cooper, which will now give lawyers representing the millions of Santee Cooper customers time to go through tens of thousands of documents that were turned over by Santee Cooper just one day before the trial date was set.

Santee Cooper customers filed the lawsuit in August 2017 seeking refunds for the millions they had already paid and to put an end to the continual payments they were being charged for the failed V.C. Summer project.

For years, customers have paid extra fees on their monthly bills.  Santee Cooper spent approximately $4.7 billion on the failed nuclear project and rely only on their customers to pay the company’s debt.

It was just last month that U.S. Judge Terry Wooten sent the lawsuit back to state court to be heard by special Judge Jean Toal.

Judge Toal’s decision also allowed the case to become a class-action lawsuit allowing for many more people to be able to seek refunds. Also in her decision, Judge Toal did not limit the potential monetary penalties and suggested that Santee Cooper should find a way to settle the case so that a trial could be avoided.

Meanwhile, Santee Cooper continues to rack up legal fees to fight back, adding even more to the billions of debt already owed and being paid by its customers.

Santee Cooper

Lonnie Carter

Santee Cooper’s Legal Costs For Current And Former Employees Reaches Over $1 Million

Featured Image: The State

Santee Cooper is, once again, catching heat for its reckless spending.

Recent reports obtained by the Post and Courier show that Santee Cooper has racked up $1.7 million in legal fees by covering the cost of attorney fees for eight current and former employees, executives, and board members.

This comes after recent concerns of the state-owned utility’s decision to hire a new CEO and Deputy CEO with a million dollar a year and $560,000 a year salary, respectively, while in billions of dollars of debt.

According to the Post and Courier, the legal costs can be traced back to late 2017 when the unfinished V.C. Summer plant was abandoned by the state-owned utility and continues to grow as of last month when the records were obtained.

Not included in the $1.7 million, are the funds being spent on attorneys to represent the utility itself.

While the records don’t show the exact work being performed, a spokeswoman for Santee Cooper told the Post and Courier, the costs were tied to civil lawsuits against the utility.

One of those lawsuits pits the state-owned utility against its largest customer, the electric cooperatives who purchase their power from Santee Cooper. In the lawsuit, the cooperatives claim Santee Cooper kept the problems of the V.C. Summer project hidden from them and are suing so their customers won’t be held responsible for paying off the debt. However, as of this week, South Carolina Supreme Court Chief Justice Jean Toal put the lawsuit on hold further delaying the outcome.

More recently, Dominion Energy attorneys sent a letter to the state-owned utility demanding Santee Cooper pay for a portion of Dominion’s costs for the failed V.C. Summer project. The letter referred to the agreement between SCE&G and Santee Cooper to build the abandoned reactors, a project Santee Cooper owned 45 percent of.

As Santee Cooper’s $4 billion debt continues to increase by around one million dollars a day, the utility finds itself owing even more money while continuing to spend causing the millions of direct-serve and cooperative customers throughout the state to worry about the future of utility rates.