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The South Carolina SCANA SCANDAL

mtempleton
Wed, 23 Aug 2017 15:52:02 GMT

By now everyone in South Carolina that hasn’t been traveling out-of-country during the past month has heard of the SCANA/Santee Cooper/ SCE&G/Westinghouse/Toshiba scandal. If you are a reader that doesn’t live in South Carolina and you wonder what rocked our world, I will attempt to sum it up here. This is going to be painful for a South Carolina resident to read again but there is light at the end of this tunnel. All of the above, with the support of state legislators and the Public Service Commission colluded to build a nuclear power plant on the doorstep of the state capitol of Columbia (shout out to Jekensville). Way back in 2008 all of the above projected the cost, underestimated it badly, then proceeded to charge Santee Cooper and SCE&G customers billions over the next nine years to pay for their mis-under-estimation. Oh by the way, at least one local but prominent nuclear engineer warned them that the nuclear plant proposed was not being designed properly for THAT location. Unfortunately he was right. This past month we learned that the entire project was being abandoned. It turns out, that isn’t even the worst part. There’s more. According to state news reports, there are currently no provisions underway to return nine years of utility rate increases to Santee Cooper and SCE&G customers. According to some of the same news sources, 60 more years of utility rate increases will be required in order to pay the entire tab for a nuclear power plant that wasn’t built! We are not making this up. Then yesterday I bought a five day old Lexington County Chronicle newspaper dated 8/17/17 because I just couldn’t resist the front page headline: PUBLIC UPSET ABOUT MILLIONS IN BONUSES PAID TO SCANA EXECUTIVES. Sure enough, this time the Chronicle quoted The State Newspaper as reporting that SCANA thought their executives had done such a good job in 2016 that they paid them 21.4 million in bonuses for that year alone! One wonders what the bonuses were from 2008 through 2015. Some of us even wonder what their bonuses will be at the end of 2017. Some of you may wonder who paid for all those bonuses, but not me. No, I don’t want to ask that question because, you see, I have personally been an SCE$G customer since 2008 and I figure if I don’t ask it, then I can claim that I don’t know. Now what is in the past is past and let’s let bygones be bygones. No hard feelings. However, you won’t mind if I would rather switch than fight. Switch where? To Solar! When you request that two of our Energy Consultants at #mypolyenergy.com provide you with a no-obligation assessment of your home or business’s suitability for Solar, you are taking your first step toward energy independence. Oh we keep you hooked up to the grid so that THEY PAY YOU when your new state-of- the- art Solar System generates even more electricity than you can use. Also when the Sun goes down or the next time we have an Eclipse, the electricity from YOUR Solar System that is stored in THEIR grid will cost you a whopping $10 per month. However, if you wish to severe ties completely with your utility company we do have another feel good option available for you. There is no delicate way to put this. What the heck. If you wish to FIRE your utility company, sophisticated battery back-up systems are available from us too. A battery backup system that may or may not be paired with a generator (your choice) is available for those that wish permanent independence from SCE&G, Santee Cooper, or any other utility company that raises your rates at the national average of 3.67%...or more…compounded annually. See, I told you there would be light at the end of the tunnel. Michael Wayne Templeton Program Support Manager and Energy Consultant #mypolyenergy.com