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Thread: Santee Cooper

  1. #1
    Join Date
    Sep 2001
    Location
    Wateree, South Carolina
    Posts
    48,812

    Default Santee Cooper

    COLUMBIA, SC

    Santee Cooper is spending more than ever on a pair of new executives to turn around the state-owned utility that lost $4 billion of its customers’ money on a failed nuclear power plant construction project.

    And, minutes after being hired, new CEO Mark Bonsall described the legislative push to sell Santee Cooper as a “suboptimal and uninformed solution,” vowing to find ways to reform the agency from within.

    The state agency’s board on Tuesday approved paying Bonsall, a 66-year-old retired public power utility executive from Arizona, at least $1.65 million over the next 18 months, plus at least $250,000 in bonus pay for meeting a series of goals that the board hasn’t set yet.

    Santee Cooper also hired one of Bonsall’s former deputies at the Tempe-based Salt River Project as a senior executive to develop the utility’s long-term strategy. Charlie Duckworth will be paid at least $840,000 over the next 18 months, plus at least $165,000 in possible bonus pay.

    https://www.thestate.com/news/politi...232440654.html

  2. #2
    Join Date
    Sep 2001
    Location
    Wateree, South Carolina
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    48,812

    Default

    And the very next article is -

    "Santee Cooper CEO explains why he thinks the utility shouldn’t be sold."

    Well, I am going to go out on a limb here and guess it is because you 2 are getting paid $2,905,000 ?

  3. #3
    Join Date
    Aug 2008
    Location
    Sandy Run
    Posts
    2,759

    Default

    Yep. Wasting citizens money to protect themselves. Offers have already been tendered to buy santee cooper and reduce rates.


    If a man is alone in the woods, says something, and a woman does not hear, is he still wrong?

    Bipartisan usually means that a larger-than-usual deception is being carried out. —George Carlin

    Common sense is not a gift. It's a punishment because you have to deal with everyone else who doesn't have it.

  4. #4
    Join Date
    Mar 2002
    Location
    SC
    Posts
    7,444

    Default

    Yea I do t have much sympathy for them. The same ones that are crying to me about possibly losing their jobs are same ones that back when Century was trying to negotiate a contract told me it’s no big deal if I get laid off cause there’s plenty of jobs. 300 lost jobs. Well now they need to go in and clean house and restructure SC
    .
    80-20 Genaration

  5. #5
    Join Date
    Oct 2001
    Location
    Bonneau, SC
    Posts
    116

    Default

    Math and politics. Oil and water.
    Its a Sad Situation!!!

  6. #6
    Join Date
    Sep 2001
    Location
    Wateree, South Carolina
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    48,812

    Default

    Quote Originally Posted by ruddy duck View Post
    Math and politics. Oil and water.
    Look at our boy Ruddy from the top rope!

  7. #7
    Join Date
    Oct 2001
    Location
    Bonneau, SC
    Posts
    116

    Default

    Good to see you my man.
    Its a Sad Situation!!!

  8. #8
    Join Date
    Nov 2008
    Location
    Scumter
    Posts
    21,806

    Default

    Saw this the other day.

    Sent from my SM-G930V using Tapatalk
    [SIGPIC][/SIGPIC]
    Delta in a nutshell: Breeding grounds + small wetlands + big blocks of grass cover + predator removal + nesting structures + enough money to do the job= plenty of ducks to keep everyone smiling!

    "For those that will fight for it...FREEDOM...has a flavor the protected shall never know."
    -L/Cpl Edwin L. "Tim" Craft

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