South Carolina Public Service Authority

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.

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.

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

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.

State-owned Santee Cooper has charged its former partner in the project, SCE&G, with mismanagement and breach of contract.

A think tank is urging residents to support selling the state-owned utility saying that would relieve ratepayers of paying billions in debt.

Fitch Ratings dropped the South Carolina utility’s rating two notches to A-minus and revised the outlook to negative, citing a legal claim by its largest customer.

Dominion Energy said its management offer can be structured to preserve Santee Cooper’s tax-exempt status.

Moody's lowered the South Carolina-owned public utility’s bond rating to A2, and its bank bond rating to A3.

State-owned Santee Cooper is battling cross claims by electric cooperatives that buy power from the agency in a suit over its shelved twin reactor project.

State-owned Santee Cooper wants the high court to affirm its authority to set rates and pay off bonds that financed its scrubbed nuclear reactor project.

State-owned utility Santee Cooper received two subpoenas that appear to focus on a secret assessment report about the foundering project.

The South Carolina-owned agency’s A1 bond rating could be lowered due to threats from pending legislation and litigation, Moody’s said.

The legislation would determine the fate of the state-owned utility formally known as the South Carolina Public Service Authority.

An analyst says South Carolina Gov. Henry McMaster does not to have the sole authority to bar Santee Cooper from raising rates.

An electric cooperative’s cross claim could upend the South Carolina Public Service Authority’s ability to collect nuclear-related costs.

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