The plan was for SCE&G to continue to operate the plant and give the city a $1 million credit on its power bill every year. SCE&G gave the city the power credit, but for many years the plant failed to generate $1 million worth of electricity. The result left the city owing SCE&G $3.2 million, a debt the city will pay back, interest-free, over the next five years.
City officials are negotiating with Lockhart Power, a small public utility company in the Upstate, to take over the plant’s operation. The company has about 13,500 customers and already operates a hydroelectric power plant. An ordinance authorizing the city manager to negotiate a lease with Lockhart has been on the City Council’s agenda twice but has been delayed both times.
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