Santee Cooper Board approves 2022 Budget

MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved today a $2.1 billion budget for 2022. The 2022 budget includes $1.8 billion for the electric system, $9.8 million for the water systems, and $312.7 million for capital expenditures.

Approximately 38% of the $1.8 billion electric system budget is allocated for fuel and purchased power. The Board also approved the 2023 and 2024 budgets for planning purposes.

The $312.7 million for construction and capital equipment spending includes:

$71.4 million primarily for environmental projects
$241.3 million for the transmission and distribution systems and system-wide improvements

“With the Board of Directors approval of the 2022 budget, Santee Cooper will continue our commitment to keep prices stable, increase value for our customers, and provide low-cost, affordable, reliable and environmentally responsible power and water,” said Mark Bonsall, Santee Cooper President and CEO.

For more than 90 years, Santee Cooper has been serving the people of South Carolina. The utility is South Carolina’s largest power provider and the ultimate source of electricity for 2 million people across the state. Through its affordable, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper helps power South Carolina. To learn more, visit www.santeecooper.com and follow #PoweringSC on social media.

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