The Public Service Authority (Santee-Cooper) is South Carolina's State- owned public power resource. The Public Service Authority (Santee-Cooper) produces and sells electric power to individuals, businesses, electric cooperatives and municipal power departments. The Public Service Authority (Santee-Cooper) made payments to the State's General Fund of $6.682 million during its fiscal year ended December 31, 1996. The distribution to the General Fund is based primarily on operating cash flows and mandatory reserve requirements.
The State Ports Authority develops and maintains State harbors and seaports and handles the commerce through these ports.
Highlights of segment financial information (expressed in thousands) for
discretely presented component units for the fiscal year ended June 30, 1997, are
presented below: