South Carolina Public Service Authority

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.

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.

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

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.

Halting the work is expected to save customers nearly $7 billion in additional costs, the state-run agency known as Santee Cooper told bondholders.

South Carolina and Georgia nuclear reactor owners inked deals supporting the projects, though they’re still deciding whether to complete them.

Regulators will hear claims that ratepayers face hikes from a “bungled” nuclear reactor project.

South Carolina reactor owners continue to review their options after Westinghouse’s bankruptcy.

Public power agencies in Georgia and South Carolina face headwinds from the Westinghouse bankruptcy.