# Santee Cooper Nuclear Decommissioning Trust

Santee Cooper Nuclear Decommissioning Trust is a Trust / Investment Trust based in Moncks Corner, United States.

## Overview

- **Organization type:** Trust / Investment Trust
- **Headquarters:** Moncks Corner, United States
- **Region:** North America
- **Address:** Moncks Corner, SC, United States
- **Founded:** 1934
- **Assets under management:** Undisclosed
- **Website:** www.santeecooper.com
- **LinkedIn:** https://www.linkedin.com/company/santeecooper

## Regulatory record

- **Reports private funds:** No

## About

Santee Cooper is a trusted and reliable public power and water provider in South Carolina. Visit our site for more information.

## Sectors

- Infrastructure
- Energy Transition & Renewables

## People

- Jimmy Staton — President and CEO
- Peter McCoy — Chairman of the Board of Directors

## 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.

## Related profiles

- [Santé Capital](https://altss.com/profile/sant-capital)
- [Santen Ventures](https://altss.com/profile/santen-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

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