South Carolina

Gov. Henry McMaster wants to sell the state-owned utility after its nuclear project debacle; a report to lawmakers on bids for Santee Cooper has been delayed.

The South Carolina-owned utility redeemed $360 million as part of a two-year plan to reduce debt and stabilize electric rates for five years.

The Berkeley County School District and its former financial advisors and bond counsel said settlement talks were unsuccessful.

Court filings cite Santee Cooper internal communications that differ markedly from public disclosures about a nuclear power project that went on to fail.

Two Virgin Trains USA deals from Florida helped push the region's volume up 9.8% over last year, making it one of only two regions to sell more bonds.

Political leaders are weighing privatization for Jacksonville, Florida’s JEA and South Carolina’s Santee Cooper.

Mark Bonsall will take over the troubled South Carolina-owned utility and lead its restructuring and reform team.

S&P Global Ratings cut its rating to A from A-plus, and maintained a negative outlook on the South Carolina Public Service Authority.

Lawmakers agreed to get bids for the state-owned utility, although a final decision on a sale won’t be made until 2020.

Motions were filed to dismiss the Berkeley County School lawsuit, which alleges its CFO and finance team schemed to defraud the district.

At the National Federation of Municipal Analysts annual conference, panelists discussed the “elephant in the room” — myths about issuer disclosure.

Mary Francoeur of PFM Financial Advisors passed out the awards during the annual NFMA conference in Charleston, South Carolina.

The Berkeley County School District said Hilltop Securities agreed to pay back fees the district paid to a predecessor firm from 2012 to 2014.

Mini-bond investors were damaged by the South Carolina-owned utility’s disclosure omissions, according to the suit.

Westinghouse, the former contractor for the utility’s failed nuclear reactor project, filed a lawsuit to recover property it says the state-owned utility is withholding.

The Berkeley County School District said its financial advisors and bond counsel were involved a fraud scheme that sent its CFO to prison.

Lawmakers, without making a decision to sell, voted to get formal offers for the state-owned utility from four companies.

The surge in gas deals couldn’t overcome the region’s sharp decline in refundings, which led to an overall 22.6% volume decline.

A consultant was directed to prepare a new proposal outlining the next steps to take that could lead to a sale of the state-owned public utility.

Consultant ICF said four non-binding purchase proposals would defease or assume the state-owned utility’s $8 billion in debt.