South Carolina

As payback for a failed nuclear reactor project, state lawmakers could stop the South Carolina Public Service Authority from raising rates.

Voters denied a bond Tuesday that would have paid for school renovations and a new workforce readiness center for Chester County students.

Gov. Henry McMaster called the state-owned utility a "failing asset" while calling for tax cuts in his first budget proposal.

Gov. Henry McMaster said the only way to stop rate increases to pay for the failed Summer nuclear project is to sell the state-owned utility.

Decisions by Georgia and South Carolina regulators and lawmakers will affect the public owners of two nuclear projects.

In two public meetings Thursday, Aiken County school officials accounted for their stewardship of the 1 cent sales tax that has funded several projects and made a pitch for a new $90 million bond issue to keep up with anticipated growth.

Issuers of conduit debt would lose their primary purpose if Congress eliminates private activity bonds.

Volvo announced plans to expand its Berkeley County manufacturing facility, which hasn't opened yet.

Fitch returned the South Carolina-owned utility's outlook to stable due to cancellation of the nuclear reactor project.

Santee Cooper and South Carolina Electric & Gas monetized all but one payment of the $2.17 billion they expected to receive from Toshiba.

The Southeast must reassess risk after Hurricane Irma, according to a disaster recovery expert who forsees long-term impacts on state and federal policy.

Regional bond issuance slipped by 31% in the first half and volume was down sharply in Florida.

Moody's says the South Carolina Public Service Authority’s delay on rates is a credit negative.

Musser will concentrate on public finance, governmental law, procurement and construction.

The investor-owned utility said South Carolina officials will review the canceled project.

The South Carolina agency says the rate increases are unneeded even with $7.7 billion of bonds to support.

About $7.7 billion of debt is at stake as South Carolina's governor talks with investor-owned utilities about selling the public power agency.

The agency said it can wind down the project; lawmakers to weigh prohibiting rate increases.

With no asset to show for more than $4 billion of debt, Santee Cooper’s bonds were downgraded by S&P.

After issuing $4.2 billion of bonds to finance two new nuclear reactors, Santee Cooper said the project was no longer affordable.