Panel to hold
hearings on Santee Cooper utility
Associated
Press
COLUMBIA, S.C. - A Senate panel wants to know
whether business and residential customers of Santee Cooper are
satisfied with the state-owned utility or would like to see some
changes.
A subcommittee said Thursday it would hold public hearings in
Horry, Georgetown and Berkeley counties to see how the utility
should operate and be governed.
A couple of bills in the state Legislature would limit Gov. Mark
Sanford's influence over the utility's board. Sanford fired former
board chairman Graham Edwards in the fall, which sparked criticism
from several legislators.
Now lawmakers are considering proposals to change how the board
is chosen and strip the governor's power to remove members without
cause.
The subcommittee, chaired by Sen. Luke Rankin, is considering
five bills, including one that would require related experience for
board members and a screening committee.
Rankin, R-Myrtle Beach, also said talk of selling the utility has
come up repeatedly in the past few years. The panel wants to hear
what customers think.
"The perception is that some would either like to privatize it or
sell it outright," Rankin said.
"I think we'll find that Santee Cooper generally provides an
outstanding service to the state," said Sen. Dick Elliott, D-North
Myrtle Beach.
Because it is a public utility, Santee Cooper is able to sell
power at rates less than those of for-profit companies.
Rankin said some think the utility is a tax-supported agency, but
that is not the case. It sends 1 percent of its revenue each year to
the state general fund and has never received tax support.
When Sanford wanted the agency to prove more money to the state
two years ago, Rankin and Elliott tried to block the transfers,
saying the money belongs to ratepayers.
Rankin said the subcommittee will look into attempts to require
Santee Cooper to provide more money for the state. Santee Cooper
also sells to the state's electric co-ops, which make up 60 percent
of the utility's business.
Rankin, Elliott and Bill Mescher, R-Pinopolis, have been among
the harshest critics of the board chairman's removal.
"The theme of this is to take politics out of this business" and
have the utility operate like a private company, Rankin said.
One measure would give a customer the right to file a complaint
that a board member violated fiduciary duty, similar to rules for
stockholders in publicly held companies.
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