Progress Documents

Over the past year, Santee Cooper has implemented reforms, changes and improvements to create a healthier utility with stronger accountability, less debt, and new initiatives underway to deliver leaner, greener electricity. Among our highlighted accomplishments, we:

• Froze rates for 4+ years.
• Saved $347 million through debt refinancing (2019-2020).
• Paid off over $600 million net debt (2019-2020), and in 2020 set $85 million aside to pay down a unique 2023 “balloon” debt obligation.
• Improved our credit rating.
• Greatly reduced legal liabilities.
• Secured $160 million in projected annual average fuel and operating savings, a 13% reduction.
• Created a more efficient, accountable, and diverse Santee Cooper.
• Advanced our vision for leaner, greener energy.
• Supported economic development, COVID relief.
• Enabling expanded broadband access.
• Tied our best year ever for safety.
• Increased customer satisfaction.