Site Selection magazine's recent 2015 Top Utilities in Economic Development list includes a team comprised of the South Carolina Power Team and its partners Santee Cooper, Central Electric Power Cooperative and South Carolina’s 20 electric cooperatives.
The honor is bestowed upon the best utility economic development teams. Selection for the list is based on analysis of corporate end-user project activity for the year prior in those utilities’ territories as well as data from Site Selection’s Plant Database, and utility and community reports.
Also considered were the utility’s job-creating infrastructure and facility investment trends as well as innovative programs and incentives for business.
“The 2015 designation as a Top Utility is a great achievement for the SC Power Team and our partners," Larry Hinz, chairman of South Carolina Power Team's board of trustees, said. "It demonstrates the new rates and incentives adopted by both Santee Cooper and the 20 electric cooperatives in 2014 are making us even more competitive.
The new rates and incentives were part of an aggressive five-year strategy adopted in 2014 by the South Carolina Power Team board of trustees.
"In addition to new rate incentives, it bolstered momentum through their commitment to invest more than $30 million through the Site Readiness Fund initiative, which matches local funds to advance sites and buildings across South Carolina to make them truly market-ready," Hinz said.
James Chavez, president and chief executive officer of the South Carolina Power Team, agreed.
“We are thrilled to be named a 2015 Top Utility by an industry peer like Site Selection,” Chavez said. “In years past, we have been given an Honorable Mention for our economic development efforts. It is gratifying to know that our community-focused efforts have contributed to projects announcing in our service territory, and we are seeing success in nearly every part of the state."
Lonnie Carter, Santee Cooper's president and chief executive officer, said economic development has always been and will continue to be a priority for the firm.
"I am proud of our accomplishments, all for the betterment of South Carolina," he said. "This is truly a powerful partnership."
Adam Bruns, Site Selection's managing editor, called the companies included in the Top Utilities "the class of their field."
“Like the best athletic teams, they know how to look for the open opportunity, turn on a dime when circumstances require it, communicate with teammates and move without the ball so they’re ready when the time comes to close the deal," he said.
South Carolina Power Team is the largest power producer in South Carolina, serving two-thirds of the state. For more information, visit www.scpowerteam.com.
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