Myrtle Beach changes franchise agreement with Santee Cooper - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Myrtle Beach changes franchise agreement with Santee Cooper

Myrtle Beach Myrtle Beach

MYRTLE BEACH, SC (WMBF) - The city of Myrtle Beach is changing a long time agreement with Santee Cooper. This change will not impact customers pay, but will provide additional money to the City of Myrtle Beach and to Santee Cooper, according to city leaders.

Currently, customers see a 5 percent franchise fee on their Santee Cooper bill. That fee was created back in 1999 when the city decided to work with Santee Cooper to put utilities underground. Two percent of the fee is set aside to pay for underground utility projects in the city and Santee Cooper matches the fee.

Over the years, those funds have provided more than $30 million for underground utility projects. City Spokesman Mark Kruea says the fund now has more money than they have plans to spend it on. Instead of taking 2 percent of the fee for the fund, it will drop 1 percent and the city will receive the other 4 percent directly in their general fund.

"The underground utilities fund has about $16 million in it and projects don't require that much. So as part of the adjustment here we'll distribute $9 million of it and Santee Cooper will get half of it the city will get half of it as a one time fee,” explained Kruea.

Copyright 2018 WMBF News. All rights reserved.

  • Local NewsLocalMore>>

  • Coroner identifies victim in body found of Peachtree Road in Socastee

    Coroner identifies victim in body found of Peachtree Road in Socastee

    Sunday, August 19 2018 7:41 PM EDT2018-08-19 23:41:57 GMT
    Source: Ian Klein/WMBFSource: Ian Klein/WMBF

    HORRY COUNTY, SC (WMBF) — Horry County Police are investigating Saturday after a body was found off Peachtree Road in Socastee. According to Capt. John Harrelson with the Horry County Police Department, investigators are still working to determine the exact cause of death.  WMBF will continue to follow this developing story and will pass along more information as it becomes available. Copyright 2018 WMBF News. All rights reserved.

    More >>

    HORRY COUNTY, SC (WMBF) — Horry County Police are investigating Saturday after a body was found off Peachtree Road in Socastee. According to Capt. John Harrelson with the Horry County Police Department, investigators are still working to determine the exact cause of death.  WMBF will continue to follow this developing story and will pass along more information as it becomes available. Copyright 2018 WMBF News. All rights reserved.

    More >>
  • Breaking:

    UPDATE: Medical emergency not burglary triggered stand-off outside Surfside home

    UPDATE: Medical emergency not burglary triggered stand-off outside Surfside home

    Sunday, August 19 2018 6:49 PM EDT2018-08-19 22:49:32 GMT
    Source: Ian Klein WMBFSource: Ian Klein WMBF

    SURFSIDE BEACH, SC (WMBF) — Police are responding to an unknown incident at a home near the intersection of Surfside Drive and Poplar Drive. Officials have not given an official word as to what the incident is. Details are very limited at this time. WMBF's Ian Klein is live on the scene and reports seeing multiple SWAT officers with heavy artillery drawn.  WMBF News has a crew at the scene working to find out more information. Copyright 2018 WMBF News. All righ...

    More >>

    SURFSIDE BEACH, SC (WMBF) — Police are responding to an unknown incident at a home near the intersection of Surfside Drive and Poplar Drive. Officials have not given an official word as to what the incident is. Details are very limited at this time. WMBF's Ian Klein is live on the scene and reports seeing multiple SWAT officers with heavy artillery drawn.  WMBF News has a crew at the scene working to find out more information. Copyright 2018 WMBF News. All righ...

    More >>
  • Sen. Hembree home recovering after brain aneurysm scare

    Sen. Hembree home recovering after brain aneurysm scare

    Sunday, August 19 2018 2:16 PM EDT2018-08-19 18:16:13 GMT
    S.C. Sen. Greg Hembree (Source: Greg Hembree for Senate website)S.C. Sen. Greg Hembree (Source: Greg Hembree for Senate website)

    MYRTLE BEACH, SC (WMBF) — Sen. Greg Hembree is finally home Sunday after suffering a brain aneurysm in early July. His daughter posted Saturday on Facebook, "My parents made it home from the hospital around lunchtime today and my dad is doing well." Sen. Hembree spent eight days in a medically-induced coma according to information from his family. Since 2013, Hembree has served Horry and Dillon counties in Senate District 28. Prior to his November 2012 ele...

    More >>

    MYRTLE BEACH, SC (WMBF) — Sen. Greg Hembree is finally home Sunday after suffering a brain aneurysm in early July. His daughter posted Saturday on Facebook, "My parents made it home from the hospital around lunchtime today and my dad is doing well." Sen. Hembree spent eight days in a medically-induced coma according to information from his family. Since 2013, Hembree has served Horry and Dillon counties in Senate District 28. Prior to his November 2012 ele...

    More >>
Powered by Frankly