Incentives
Santee Electric Cooperative, Inc. an electric utility cooperative organized and existing under the laws of the state of South Carolina and as such is able to take advantage of the South Carolina Rural Development Act of 1996.
This act allows Santee Electric Cooperative to apply for a credit against its tax liability for amounts paid in cash, to provide infrastructure for qualifying industrial and distribution projects. Some examples of how these funds may be utilized include:
- Construction of roads.
- Construction of water and/or sewer lines.
- Installation and improvement of water and pump systems.
- Construction of turning lanes and deceleration lanes to an industry.
- Construction of natural gas pipelines.
The cooperative may also contribute funds from other sources for the construction of facilities associated with a specific project, as well as provide financial assistance for the development of feasibility studies, environmental assessments and land use plans.
In all instances, qualification for such incentives is weighed against the number of jobs created, the capital investment, the demand for electricity, and a contract for electrical service from Santee Electric Cooperative has been secured.
Power System Components and Reliability
Santee Electric Cooperative is part of the South Carolina Power Team. This team includes the South Carolina Public Service Authority (Santee Cooper) as the electric generating utility and Central Electric Power Cooperative as the transmission company. Working together, this power team has built an unbeatable combination of affordable power, reliability and customer service to benefit our member-owners, and offers the largest power delivery system in South Carolina, combined with the local service to respond to all of your power needs.
Rates
Santee Electric Cooperative serves large industrial and distribution accounts on its Cost of Service Schedule for large industrial power service. This rate incorporates the billing determinants of the wholesale power rate P1 or IL-4. This rate is a "cost of service" rate which essentially allows the customer to purchase capacity and energy at wholesale prices. The IL-4 rate is designed for very large customers served directly off the bulk transmission system by a sub-station built exclusively for the single customer's use. The P1 rate is designed for somewhat smaller industrial or distribution customers who are served through an existing substation.
Santee Electric Cooperative offers two significant power cost savings to reduce the demand related charges for large industrial and distribution customers.
These are:
- Determination of Billing Demand. Unlike other electric utilities, Santee Electric Cooperative uses a unique method to measure actual demand for billing, which will save the large power consumer between 10-15% on demand related costs.
- Time of Demand Measurement. The actual demand of a large power user is not measured at the actual highest peak demand, but is measured at our cooperative combined system peak. Consequently, the large power user has the means to minimize power costs by internally managing electrical demand during the co-incidental system peak.
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Incentives
Santee Electric Cooperative, Inc. an electric utility cooperative organized and existing under the laws of the state of South Carolina and as such is able to take advantage of the South Carolina Rural Development Act of 1996.
This act allows Santee Electric Cooperative to apply for a credit against its tax liability for amounts paid in cash, to provide infrastructure for qualifying industrial and distribution projects. Some examples of how these funds may be utilized include:
- Construction of roads.
- Construction of water and/or sewer lines.
- Installation and improvement of water and pump systems.
- Construction of turning lanes and deceleration lanes to an industry.
- Construction of natural gas pipelines.
The cooperative may also contribute funds from other sources for the construction of facilities associated with a specific project, as well as provide financial assistance for the development of feasibility studies, environmental assessments and land use plans.
In all instances, qualification for such incentives is weighed against the number of jobs created, the capital investment, the demand for electricity, and a contract for electrical service from Santee Electric Cooperative has been secured.
Power System Components and Reliability
Santee Electric Cooperative is part of the South Carolina Power Team. This team includes the South Carolina Public Service Authority (Santee Cooper) as the electric generating utility and Central Electric Power Cooperative as the transmission company. Working together, this power team has built an unbeatable combination of affordable power, reliability and customer service to benefit our member-owners, and offers the largest power delivery system in South Carolina, combined with the local service to respond to all of your power needs.
Rates
Santee Electric Cooperative serves large industrial and distribution accounts on its Cost of Service Schedule for large industrial power service. This rate incorporates the billing determinants of the wholesale power rate P1 or IL-4. This rate is a "cost of service" rate which essentially allows the customer to purchase capacity and energy at wholesale prices. The IL-4 rate is designed for very large customers served directly off the bulk transmission system by a sub-station built exclusively for the single customer's use. The P1 rate is designed for somewhat smaller industrial or distribution customers who are served through an existing substation.
Santee Electric Cooperative offers two significant power cost savings to reduce the demand related charges for large industrial and distribution customers.
These are:
- Determination of Billing Demand. Unlike other electric utilities, Santee Electric Cooperative uses a unique method to measure actual demand for billing, which will save the large power consumer between 10-15% on demand related costs.
- Time of Demand Measurement. The actual demand of a large power user is not measured at the actual highest peak demand, but is measured at our cooperative combined system peak. Consequently, the large power user has the means to minimize power costs by internally managing electrical demand during the co-incidental system peak.
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