Next month, South Carolinians will be treated to Santee Cooper’s version of a magic show – a proverbial rabbit-out-of-the-hat maneuver ostensibly in the works from the Palmetto State’s government-run, politically managed utility.
The trick? Resolving billions of dollars in debt without raising rates on consumers.
Can it be done? No …
We are sorry to be that blunt, but … no. It cannot.
Santee Cooper can talk all it wants about “reform” (ahem), but the sad reality is things remain very much “business as usual” at this habitually dishonest government bureaucracy. New leaders, it would seem, haven’t put a stop to old favors.
Take Santee Cooper’s latest speculative “economic development” deal – a $5 million loan to the Laurens Electric Cooperative, which is using the money to make a speculative commercial real estate investment.
You read that right …
Amazing, isn’t it?
“Let’s loan money we don’t have in an effort to buy a constituency,” one Santee Cooper critic lamented.
That is exactly what is happening … and this is exactly the sort of favor-trading that cannot be tolerated from this tone deaf utility any longer. Hell, it should have never been tolerated in the first place.
Also, as we pointed out the last time Santee Cooper tried to purchase loyalty on the backs of its ratepayers, in what alternative universe should we trust its judgment?
From our previous coverage …
We hate to point out the obvious here, but Santee Cooper was also “confident” in the two reactors it was building in Jenkinsville … only to see that project abandoned before they were completed at a $10 billion loss.
In fact, the utility was still borrowing up to its eyeballs and raising rates on its customers long after its leaders knew the project was doomed.
Yet these are the people we should permit to travel across the state throwing ratepayer money at speculative real estate deals?
Please …
Santee Cooper’s new bosses are sure looking a lot like their old bosses: Trading favors with money they don’t have and promising us they will tell us “soon” how it’s all going to work out.
Really?
Rest assured, the rest of us are going to wind up paying the price for this “constituency building” the same way we are paying for the #NukeGate disaster into which Santee Cooper so confidently led us.
-FITSNews
WANNA SOUND OFF?
Got something you’d like to say in response to one of our stories? Please feel free to submit your own letter to the editor (or guest column) via-email HERE. Got a tip for us? CLICK HERE. Got a technical question or a glitch to report? CLICK HERE. Want to support what we’re doing? SUBSCRIBE HERE.
1 comment
Annually there have a tendency to be 10s of thousands of marriages that occur as any kind of result of individuals satisfying by means of an online dating assistance. Mutual assistance encompasses valuing each other’s self-reliance and choices. Act wisely without producing rough decisions. It is additionally encouraged which you act sensibly with your online dating attitude and actions. The project reminds its fans to “act maturely” at the airport terminal and not take part in any of these actions. You will certainly locate those which give their options for totally complimentary. These are normally cost-free websites that allow you to develop your base of friends together with possibly locate someone to day at the same time. Some online dating standards are shown and it can be essential that you read them. He may well be just a participant that isn’t into severe dating or he may potentially not wish to dedicate into a sober partnership so it actually is far better to avoid these sorts of persons. You are a lot more certain and have better interaction skills to come close to somebody. Use them securely to recognize more about on your own, the market, that you are looking for and obviously, to have the most effective results.
After recognizing what kind of partnership Rachel wants, she determines to make use of one dating app to dive into the dating globe. Additionally, web based dating opinions are there to help you know a lot more about the on the internet world in addition to its pro’s and con’s. Online dating reviews are a wonderful aid to folks that are serious in their option to pursue on the internet dating and that wants to obtain the greatest on-line dating experience. You really ought to still be cautious even if you are already a grownup. Don’t stress, dating advice still uses in this situation also! Online dating has actually become significantly popular completely factor. Online relations begin extremely quick yet commonly end abruptly.If you a person thoroughly, most likely there are greater chances of maintaining a relation.Avoid pointing out anything private to a complete stranger on USA dating solutions, regardless of how close you individuals get.Most online dating websites take on certain secrecy regarding their participants, and this is for your excellent only. Additional and extra individuals are right into web based dating and they consider it like a method of developing your bridge of possibilities in getting that true love or partner you’re looking for.
If you wish to uncover a real relationship empty of a lot danger and assumption, on line dating is undoubtedly for you. The first are typically Common Online Dating Services. These are typically Services that offer you with the ability to consider every person which has actually sent any kind of profile and are generally routed at dating. Build a strong foundation: Relationships improved honesty and shared goals are most likely to hold up against obstacles and expand stronger over time. Lillie and Boechler’s evaluation located that if a cow did stagnate, the concepts of fixed physics suggest that 2 people could be able to tip a cow if its centre of mass were pushed over its hooves prior to the cow might react. You really should not provide out your tailored realities not unless you really feel that he is safe and you could be genuinely comfortable with him. There are numerous web-sites which offer web based dating guidelines, services, testimonies and a great deal of others associated to on-line dating. There are so rather a couple of options and you will find numerous the online world dating internet sites to select from. While some web-sites ask for a payment for the extensive internet based dating providers they supply.
Just think about it like a friendly recommendations to maintain your web dating experience a success. Who doesn’t like to laugh? It could feel like It’s magical or away from revery – its very own capacity or super-Power which a fewone exists with. Usually do not give your home address, office or any type of call information unless you’re positive that the specific you might be speaking to is secure enough. Going with the circulation functions, also, obviously, however having a goal might aid you accomplish it quicker as opposed to later on. Whether you’re desiring for a worldwide match in Eastern Europe or in the United States, this preferred dating website can aid. Neumann, Kimberly Dawn. “Online Dating Etiquette, Explained.” Match. That being claimed, if there is something about a match that doesn’t sit right, do not be worried to claim so. There tend to be five different kinds of on the internet dating Services that you need to pick from. There are 2 major sorts of involvement in online neighborhoods: public engagement and non-public involvement, also called lurking. Far more and much more individuals are utilizing the web which is why a whole lot even more songs are introduced to cyberspace dating. The rates may well differ from site to website so it can be more useful to canvass very first and research study online dating evaluations.