The South Carolina Public Service Authority, also known as Santee Cooper, was founded in 1934 and is based in Moncks Corner, South Carolina. Its primary purpose is to provide electric power and water services to customers across the state, focusing on reliability and sustainability. The authority is instrumental in generating and distributing electricity, managing water resources, and promoting economic development initiatives.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SCSUTL 4.77% 2045-12-01 USDSouth Carolina Public Service Authority | United States | 2045-12-01 | 4.770 | 5.34 |
| SCSUTL 5.78% 2041-12-01 USDSouth Carolina Public Service Authority | United States | 2041-12-01 | 5.784 | 5.03 |
| SCSUTL 6.45% 2050-01-01 USDSouth Carolina Public Service Authority | United States | 2050-01-01 | 6.454 | 5.71 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Santee Cooper has a substantial history of bond issuances, beginning with its first bonds in the mid-20th century to finance infrastructure and energy projects. Notably, in 2019, the authority issued approximately $400 million in bonds to fund the completion of various energy-related projects, with strong investor interest reflected in current yields that remain competitive within the utilities sector. The authority's bonds often have special features such as tax-exempt status, appealing to retail investors seeking stable income. Recent news highlights Santee Cooper's commitment to transitioning to renewable energy sources, potentially impacting future bond offerings.