The Witch Hunt of Curtis Loftis ends as Santee Cooper customers still feel the 20% cost increases of Santee Cooper Rankin Rates caused by Luke Rankin’s oversight loss in a $9.8 billion nuclear fiasco. The significant impact of Santee Cooper Rankin Rates continues to be felt across communities.
By a vote of 33 Yay to 8 No, SC Senate voted this past week to remove S.C. Treasurer Curtis Loftis from office.
Fortunately, the SC House of Representatives is refusing to continue the trial, which brings this nonsense to an end.
The witch hunt was highlighted by Horry County S.C. Senator Luke Rankin chastising the treasurer over a $1.8 billion accounting error that cost S.C. taxpayers nothing. Rankin’s role in Santee Cooper and the ongoing debate about Santee Cooper’s management continues to be a point of contention.
Rankin, however, actually had sole oversight that led to a $9.8 billion loss by Scanna and Santee Cooper. That loss created what Horry County residents now call Santee Cooper Peak Rankin Rates, which have caused significant concern among local communities about their inflated costs of Santee Cooper’s energy solutions and services.
What are Santee Cooper Peak Rankin Rates? Santee Cooper’s peak hours rate for residential customers is $8.00 per kilowatt (kW) for the single highest hour of power used during a designated three-hour time frame each month. This new rate is part of a new rate structure introduced by Santee Cooper to address rising energy costs and improve financial transparency in the wake of the $9.8 billion loss.
Understanding the implications of Santee Cooper Rankin Rates is crucial for residents affected by these rising costs.
The recent adjustments to Santee Cooper Rankin Rates reflect broader trends in energy pricing.
These changes in Santee Cooper Rankin Rates have sparked discussions about energy affordability in our region.
Understanding Santee Cooper’s Role in the 20% Increase of Santee Cooper Rankin Rates
These Rankin Rates are necessary to pay off the $9.8 billion oversight loss the utility continues to be burdened with.
Specific Rankin Rates Peak Hours:
- April through October: 3:00 p.m. to 6:00 p.m.
- November through March: 6:00 a.m. to 9:00 a.m.
How it works:
Understanding Santee Cooper Rankin Rates is essential for planning your monthly energy expenses.
Within the designated three-hour peak window, the single hour in which a customer uses the most electricity each month will be charged the $8.00/kW demand rate. The rest of the month, including hours within the peak window that aren’t the highest-usage, customers will be charged the lower energy rate of $0.0792 per kWh.
Example:
Experts agree that the influence of Santee Cooper Rankin Rates on local economies cannot be overstated.
If a customer’s highest electricity usage within the 3 p.m. to 6 p.m. window in May is during the hour of 4 p.m., they will be charged the $8.00/kW demand rate for that hour. The remaining hours within that peak window and the rest of the month will be charged at $0.0792 per kWh.
Given the recent increases, residents feel the pain as they monitor Santee Cooper Rankin Rates.
Rankin Rates have increased the average electricity fees to Horry County residents by 20% according to Samantha Kumaran, industry expert President and CEO of Timetrics Risk. Kumaran is nationally known for her expertise. She lives in Carolina Forest in Horry County.
Rankin Rates have increased the average electricity fees to Horry County residents by 20% according to Samantha Kumaran, industry expert President and CEO of Timetrics Risk. Kumaran is nationally known for her expertise. She lives in Carolina Forest in Horry County. Her insights into Santee Cooper Rankin Rates have been invaluable for local residents.
With few days remaining, S.C. House members have informed MyrtleBeachSC News, the House is likely not going to continue the witch hunt in the S.C. House of Representatives.
Ranking members believe the trial is likely unconstitutional. S.C. Treasurer Curtis Loftis is elected by the people of South Carolina. Loftis was first elected in 2010. He is currently serving his fourth term as State Treasurer.
Loftis is much more highly regarded that Senators Larry Grooms, Stephen Goldfinch and Luke Rankin which spearheaded the witch hunt in the SC Senate.
Local News Via - MyrtleBeachSC.com
