Santee Local Business
Local business in Santee, SC
Friday Oct 24 | via Charleston Business Journal
Alcoa has reached an agreement to sell its ownership stake in the Mt. Holly aluminum smelter in Goose Creek to Century Aluminum Co. Comment?
Thursday Oct 23 | via Post and Courier
Century Aluminum Co., a low-key partner in Alcoa's aluminum-making operation near Goose Creek, will soon be the sole owner of the smelter. Chicago-based Century said Thursday it will pay $67.5 million to buy out Alcoa's 50.3 percent stake in the 34-year-old plant, where the companies have been in ongoing talks with power provider Santee Cooper for more competitive electric rates. Comment?
Thursday Oct 23 | via Goose Creek Gazette
The Santee Cooper Board of Directors has approved the sale of $736 million in revenue obligation bonds, with proceeds designated to refinance a portion of the utility's existing debt. The issue included $704 million in tax-exempt refunding Series C bonds and $32 million in taxable refunding Series D bonds. Comment?
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