South
Carolina
Ping
h/t to Bill Taylor, SC Congressman for the cartoon.
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Posted on 09/01/2017 6:32:01 PM PDT by The_Media_never_lie
0 The disgraced former leader of state-owned power company Santee Cooper – an entity which just wasted billions of dollars on an abandoned nuclear power plant – will receive a whopping $16 million payout from South Carolina taxpayers.
You read that right … the former CEO of this colossally mismanaged public utility is being rewarded to the tune of $16 million for his role in perhaps the biggest command economic debacle in the history of the Palmetto State.
(Excerpt) Read more at fitsnews.com ...
George Washington would have rejected these funds. And that is where progress has taken us.
Now have him pay in full on the back income taxes he owes, on income, both state & federal!
Hope the guy chokes on his payout.
As well you know Duke Energy wants the Carolina customer to pay for all of it.
Hush money. The powers-that-be want the buck to stop with Lonnie Carter, to prevent any further investigation.
This was a deal for Units 2 and 3 at VC Summer.
I listened to all the hype as a licensed SRO at VC Summer Unit 1. My take was the state of SC was broke and could NOT afford it. The CEO was a total ignorant money counter who knew NOTHING about nuclear power and it's history of cost over runs. The present CEO of SCANA is not as big a fool as the previous one but he is also from a money counter. background.
When I left a few years ago, I sold ALL of my stock in SCANA. The stock did well for a while but I heard a few weeks ago when I was driving in Washington State that Santee Cooper was pulling out. My only question was what took them so long.
The rah rah presentations I attended with senior management cheerleading projected unit 2 on line I think in 2015 and unit 3 another year or two later. I am sure someone with deep pockets will come in and buy SCANA for pocket change in the future. When I was there, rumors were frequent that it was going to be DUKE. Now that SCANA management has run it into the ground, DUKE very well might get two AP1000 and an old 3 loop Westinghouse PWR.
This is the story. SCANA will continue with PSNC.
Santee Cooper will soon be absorbed. They don’t have the pockets of Duke or Scana.
I would not invest in Duke ATT.
Go to BofA.
South
Carolina
Ping
h/t to Bill Taylor, SC Congressman for the cartoon.
Send FReepmail to join or leave this list.
Sorry.
Another corrupt company getting a payoff. What else is new in SC?
Being from Southport and renting rooms to outage workers you'd think I'd have a better grasp of their native tongue. But some dialect is still locally specialized. d;^)
Not only customers but the state’s taxpayer too.
The guy donated to Lindsay Graham. Wonder if Grahamnesty will return the money...
Didn’t Lindsey Graham have something to do with SCANA? I remember when Lamesey was on board with the carbon credit scam.
Wouldn’t it be wonderful to pin this on Lindsey? We might be able to get rid of him.
SCANA/Graham 2012. https://www.google.com/amp/s/thinkprogress.org/lindsey-graham-helps-win-permits-for-10b-nuclear-plant-gets-rewarded-with-cash-45c3327aeb41/amp/
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