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Santee Cooper Nuclear Decommissioning Trust
Santee Cooper Nuclear Decommissioning Trust is a trust / investment trust based in Moncks Corner, founded 1934; the Altss profile covers its classification,...
Santee Cooper Nuclear Decommissioning Trust
Santee Cooper is a trusted and reliable public power and water provider in South Carolina. Visit our site for more information.
General information
Firm type
Trust / Investment Trust
Year founded
1934
Location
Region
North America
Country
United States
City
Moncks Corner
Corporate office
Moncks Corner, SC, United States
Principals
Jimmy Staton
President and CEO
Peter McCoy
Chairman of the Board of Directors
Sector focus
Frequently asked questions
What is the trust's actual mandate — returns or liability matching?
The trust has a pure defeasance mandate. IRS rules for qualified nuclear decommissioning trusts require funds be invested conservatively to match the cost of dismantling a reactor at end-of-life. The trust's portfolio is concentrated in zero-coupon U.S. Treasury securities and government-agency zeros, structured to mature exactly when decommissioning liabilities come due, not to generate alpha.
Where does the trust's funding come from?
Funding comes from South Carolina ratepayers through the state-owned utility Santee Cooper, which is required by federal and state law to set aside money for decommissioning its nuclear facility. The trust is the designated external vehicle for those accumulated contributions, keeping the funds segregated from the utility's operating budget.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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