There are four potential buyers interested in purchasing Santee Cooper (an electric utility company in Anderson County): NextEra (FL-based), Southern Co. (ATL-based), Duke Energy, and Richmond-based Dominion.
Before Santee Cooper can be sold, any deal must first be approved by the General Assembly + 20 little-known electric cooperatives that serve about 764,000 S.C. residents and have contract for 70% of Santee Cooper’s electricity through 2058.
If Santee Cooper is sold, the co-ops can void their contract...which could definitely scare away any potential buyer. However, the cooperatives are certainly interested to see how offers might affect electricity rates charged to their customers.
Read more from The State.
