Santee Cooper Announces Tax-Exempt Retail Bond Sale

October 22, 2008

MONCKS CORNER, SC – October 22, 2008 – Santee Cooper, the South Carolina Public Service Authority, is offering $300 million in bonds, tax-exempt from federal and South Carolina income tax for South Carolina residents.

Bonds are to be sold this week, with a priority order period for retail buyers for selected maturities. Maturities range from 2010 to 2038. Bonds are to be delivered on Oct. 30, 2008.

The Preliminary Official Statement for these Bonds is available by contacting any of the firms listed below or Santee Cooper Bondholder Relations at 1-877-246-3338 for additional information.

Participating Bond Brokers:

Goldman, Sachs & Co. – (800) 323 -5678 ext. 26640
Citigroup Global Markets Inc.- (800) 438-5570
Merrill Lynch & Co. – (800) 937-0825
Morgan Stanley & Co. – (800) 786-7866
Banc of America Securities- (800) 445-3387
BB&T Capital Markets, Inc. a division of Scott & Stringfellow – (888) 825-1234
Edward D. Jones & Co. – (800) 335-6637
J.P. Morgan Securities Inc. – (212) 270-6000
Morgan Keegan & Co., Inc. – (800) 203-2309
Raymond James & Associates – (800) 295-9116
RBC Capital Markets – (866) 827-4771

Santee Cooper

Santee Cooper is South Carolina’s state-owned electric and water utility and the state’s largest power producer, supplying electricity to more than 163,000 retail customers in Berkeley, Georgetown and Horry counties, as well as to 29 large industrial facilities, the cities of Bamberg and Georgetown, and the Charleston Air Force Base. Santee Cooper also generates the power distributed by the state’s 20 electric cooperatives to more than 700,000 customers in all 46 counties. Approximately 2 million South Carolinians receive their power directly or indirectly from Santee Cooper. The utility also provides water to 137,000 consumers in Berkeley and Dorchester counties, and the town of Santee.

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