Santee Cooper Board approves 2019 Budget

Santee Cooper Board approves 2019 Budget

Santee Cooper Board approves 2019 Budget

MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved today a $2.1 billion budget for 2019. The 2019 budget includes $1.7 billion for the electric system, $9.9 million for the water systems and $296.9 million for capital expenditures.

Approximately 40 percent of the $1.7 billion electric system budget is allocated for fuel and purchased power. The Board also approved the 2020 and 2021 budgets for planning purposes.

The $296.9 million for construction and capital equipment spending includes:

  • $115.6 million primarily for environmental projects
  • $181.3 million for the transmission and distribution systems and system-wide improvements

“With this 2019 budget, Santee Cooper will continue to provide reliable, competitively priced electricity and maintain a strong financial position and credit ratings, all without a rate increase,” said Interim President and CEO Jim Brogdon. “This reflects our ongoing commitment to hold the line on costs to benefit our customers and the state of South Carolina.”

Author Santee Cooper

Santee Cooper

Santee Cooper is South Carolina's largest power provider, the largest Green Power generator and the ultimate source of electricity for 2 million people across the state. Through its low-cost, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper powers South Carolina. To learn more, visit www.santeecooper.com and follow #PoweringSC on social media.

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