South Carolina

South Carolina lawmakers override Gov. Bill McMasters' veto of a 12 cent gas tax increase.

A bond referendum for Anderson School District 4, S.C., was defeated by a large margin Tuesday.

PICKENS, S.C. -- The new Pickens County Council voted Monday to undo two notable stands by the previous council.

The Georgia and South Carolina owners of nuclear units being built by bankrupt Westinghouse diverged on legal approaches.

As the Anderson School District 4, S.C., bond referendum on May 2 approaches, a loosely organized group of people are speaking out in opposition to the $79 million proposal. But the bond steering committee and district officials dispute some of the opponents' assertions.

NEWBERRY, S.C. -- Newberry County Council has approved two third readings for ordinances, one that involves an annual lease-purchase payment related to rolling stock purchases and the other for refinancing Newberry County Memorial Hospital's debt.

The Westinghouse bankruptcy could have a material impact on the South Carolina Public Service Authority.

Spreads widened on bonds for new nuclear units in South Carolina and Georgia.

The Municipal Electric Authority of Georgia said the bankruptcy of Westinghouse, supplier of new nuclear units at Plant Vogtle for which it has issued billions of bonds, could have a material impact on its financial condition.

NEWBERRY COUNTY, S.C. -- During a specially called meeting on Wednesday, Newberry County Council approved a resolution and had first reading of an ordinance that will allow Newberry County Memorial Hospital to refinance some of its existing debt.

Construction continues on new nuclear power plants in Georgia and South Carolina after the Westinghouse bankruptcy, but the Chapter 11 filing raises concerns for investors in the units, including public power utilities who issued billions in municipal debt.

U.S. nuclear contractor Westinghouse reportedly could file for bankruptcy by Friday, Reuters said, casting new doubt on public power providers that issued municipal bonds for nuclear plants in Georgia and South Carolina.

South Carolina-based Pope Flynn hired public finance tax attorney Marc Oberdorff to serve as senior counsel in the firm’s Columbia office, the firm announced.

Heightened concern about a potential Westinghouse bankruptcy filing resulted in negative outlooks on municipal bonds issued for new nuclear units the company is building in Georgia and South Carolina.

Legislation before the South Carolina Legislature that proposes new pension reforms are positive for near-term funding needs, but S&P analysts believe they may be insufficient over the long term.

Legislative battles break out in South Carolina and Tennessee over proposed state gasoline tax hikes.

Issuers across the Southeast brought $71.7 billion of municipal bonds to market in 2016, a 3.3% year-over-year increase that was generated largely by refundings.

Projects in South Carolina’s $5 billion infrastructure request includes interstate highway upgrades and harbor dredging.

Financial problems at Toshiba Corp. are credit negative for new nuclear power plants under construction at Plant Vogtle in Georgia and VC Summer in South Carolina, Moody's Investors Service said.

Issuers, borrowers, and MAs disagree that they violated state and local government series securities (SLGS) rules.