BERKELEY COUNTY, S.C. (WCBD) – People are preparing to meet in Moncks Corner tonight to discuss the future of Santee Cooper.
State Senator Larry Grooms has called a town hall meeting at the Berkeley High School in Moncks Corner. Chairman of the board of Santee Cooper, former State Attorney General Charlie Condon stated that he plans to make the members of the Santee Cooper Board of Directors vote on whether or not to approve more than half a million dollars in bonus checks for 7 of Santee Cooper’s top executives.
Board members were told about them last year, but Condon became the Chairman in January. He stated that nobody from Santee Cooper advised him about the $511,000 in bonuses. Condon saw them in media reports.
He believes bonuses for Executives who are already well paid is inappropriate in light of a $4 billion dollar loss. We’re told cooperative members pay 60% of those $511,000 in bonuses.
Berkeley Electric members alone will pay $1 billion for the failed nuclear plant. Berkeley Electric Cooperative schools will pay $811,395 per year for the failed nuclear plant.
The Santee Cooper board is not legally required to vote to approve the retention bonuses, but Chairman Condon tells us that he plans to have the full board vote up or down at their meeting in May, or he may even call a special board meeting for that purpose in April.