Stop Santee Cooper’s Taxpayer Bailout
South Carolinians are on the hook for billions of dollars in debt
Stop Santee Cooper’s Taxpayer Bailout
South Carolina taxpayers and Santee Cooper customers are on the hook for billions of dollars of debt, much of it due to the state government-owned utility’s role in the V.C. Summer nuclear fiasco.
Urge Palmetto State lawmakers to get government out of the utility business today!
Here are the key facts:
- Santee Cooper sank more than $4 billion into the failed nuclear power project that they pulled the plug on in 2017.
- As a government-owned entity, the Santee Cooper and S.C. taxpayers are on the hook for the entirety of its debt. Santee Cooper customers will never see a single kilowatt of energy from the failed nuclear project, but they are paying for it and will continue to pay for it into the 2050s.
- Santee Cooper plans to put South Carolina taxpayers on the hook to recoup costs.
- The only way to protect all South Carolina taxpayers from paying billions for a hole in the ground in Fairfield, S.C., is for state legislators to take action and sell Santee Cooper to a buyer who will assume the billions of dollars of nuclear debt.
Take Action Now: Urge your South Carolina lawmakers to protect South Carolinians from a potential taxpayer bailout!