South Carolina Public Service Authority

After financial and legal difficulties and under new legislative oversight, the South Carolina Public Service Authority heads into the municipal bond market.

The agreement to end the lawsuit over the sale of securities for a failed nuclear reactor project still must be approved by the court.

The lawsuits concern bond disclosure in South Carolina, a Florida toll bridge default, and the federal water rights fight between Florida and Georgia.

SCANA Corp. and South Carolina Electric & Gas Co. will pay a $25 million penalty for making false and misleading statements about the failed reactor project.

South Carolina-owned utility Santee Cooper issued A-rated revenue and refunding bonds that achieved $134 million in net present value savings and drew $3.5 billion in orders from yield-starved investors.

Municipals were in a holding pattern ahead of this week's $15.8 billion new-issue slate as issuers pour debt into the market and investors remain cautious ahead of election results.

South Carolina-owned Santee Cooper must pay $200 million to ratepayers and impose a four-year rate freeze to end a suit over a failed nuclear reactor project.

The South Carolina Legislature put in place strict oversight of the state-owned utility until they decide whether to sell it.

State lawmakers will return to Columbia for a two-day session that will also determine what to do with embattled state-owned utility Santee Cooper.

South Carolina lawmakers set aside money for the state’s pandemic response but it’s also on hold along with the fiscal 2021 budget.

A judge preliminarily approved a deal to end three lawsuits, but the South Carolina-owned utility still faces federal securities fraud litigation.

The agreement would end current and future litigation by class members over the South Carolina utility’s failed nuclear project.

SCE&G, and former SCANA executives, violated securities laws while overseeing the defunct V.C. Summer project, the SEC said.

A long-awaited report on options for dealing with the state-owned utility is out.

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.

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

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

The unrated 40-year bond issue was marketed to sophisticated institutional buyers familiar with the legal dispute between MEAG and Florida's JEA.

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