Santee Cooper Board Approves 2025 Budget

Santee Cooper Board Approves 2025 Budget

Posted December 9, 2024 | Media Contact

MONCKS CORNER, S.C. - The Santee Cooper Board of Directors today approved $1.5 billion in non-fuel operations and maintenance costs and capital spending for 2025, as part of its annual budget review for the utility.

Santee Cooper's total 2025 budget, including the Board-approved components, is $3.2 billion. That includes $2.2 billion for the electric system, $11.1 million for the water systems, and $950 million for capital expenditures. Approximately 41% of the overall electric system budget is allocated for fuel and purchased power, which does not require Board approval.

Of the $950 million in capital expenditures, $935.7 million is for electric system construction and capital equipment spending, which includes:

• $107 million primarily for environmental projects.
• $829 million for the transmission and distribution systems and system-wide improvements.

"This budget supports our strategic objectives and priorities as we work to meet growing customer demand. By investing in improvements and necessary maintenance on our system, Santee Cooper can continue to provide our customers with safe, reliable and affordable service they expect and deserve," said Jimmy Staton, President and CEO of Santee Cooper.