AUDIO: State co-ops pursuing purchase of Santee Cooper

Posted February 13, 2018 12:36 pm | Filed under Featured, Local News, News

After shutting down two nuclear power reactors last summer Santee Cooper’s largest customer wants to put in a bid to buy the state owned utility.  The bid comes from the state’s 20 electric cooperatives who together buy about 60 percent of Santee Cooper’s power.

Three of the 20 S.C. co-ops publicly have said they want to buy a chunk of Santee Cooper if it is sold.

Horry Electric, Berkeley Electric and Santee Electric want to buy the right to distribute power to the 177,000 customers that Santee Cooper directly serves if the utility is sold off or reorganized.

The Conway-based co-op would add Santee Cooper’s 140,000 customers in Horry County to its own 80,000.