Did the cooperatives-and specifically my cooperative-own part of the failed nuclear units?.Cooperative members who were paid $50 or less got a credit on their electricity bill. The settlement agreement called for $520 million to be returned to customers of Santee Cooper and the members of electric cooperatives.Ĭooperative members who were due more than $50 got a check in the mail. Before the lawsuit went to trial, the parties came to an agreement and settled the suit. Your cooperative was not a party to the case, but your rights were affected. The lawsuit argued that consumers should not have to pay for the nearly $9 billion in costs that were sunk into the failed project and essentially lost with nothing to show for them. Santee Cooper and SCE&G (now Dominion Energy) were the owners of the project. Summer Nuclear Generating Station in Fairfield County. What’s that about?Ī class-action lawsuit was filed in 2017 following the failure of the construction project for two nuclear units at the V.C. I noticed a credit on my bill (or, I got a check in the mail) for something related to a class action settlement.Santee Cooper Class Action Lawsuit Settlement Funds Distribution Santee Cooper Class Action Lawsuit Website Frequently Asked Questions They resulted from a court-approved process after a settlement agreement was reached between the parties in the class-action lawsuit.Ĭook v. Your cooperative did not calculate the payments. However, because we buy from Santee Cooper some of the power we deliver to our members, some members may be due bill credits or payments. The funds are being paid by Santee Cooper, a state-owned utility that partially owned the project. These credits (for amounts of $50 or less) and checks (for amounts greater than $50) are the result of a class-action settlement involving the failed nuclear construction project at V.C. 31, 2020, you may receive an unexpected bill credit or check this month. If you were a member of York Electric Cooperative for any period between Jan. Santee Cooper class action lawsuit settlement funds to be distributed
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