The best thing the legislature could do for Santee Cooper is to pass the legislation to seek more offers to buy the troubled utility, especially in light of the dim chances of any real reform by its …
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The best thing the legislature could do for Santee Cooper is to pass the legislation to seek more offers to buy the troubled utility, especially in light of the dim chances of any real reform by its managers and board.
Santee Cooper officials will resist change and their reform plan doesn’t add up.
Santee Cooper is a government bureaucracy, not a nimble, market-driven power company. Its leadership, which cannot be fired by the governor, has made terrible decisions that will needlessly cost ratepayers billions of dollars for years.
You’ve heard the saying “The definition of insanity is doing the same thing over and over again and expecting a different result.”
More than ever, this applies to debt-ridden, poorly-performing Santee Cooper.
It’s indeed insane to think this utility will change in any meaningful way on its own.
The House passed legislation 89 to 26 to seek more offers to buy Santee Cooper.
The Senate should agree.
There is nothing to lose and a lot to gain for ratepayers by seeking better offers.
Daniel J. Cassidy, Lexington
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