Santee Cooper board approves $402K in performance pay for two top executives
COLUMBIA, S.C. -- Santee Cooper’s top executives are staying for six more months and receiving more than $400,000 in performance-based pay, including $242,500 for the chief executive.
The board of directors approved the contract extensions at their meeting this week for CEO Mark Bonsall and deputy CEO Charlie Duckworth, who were brought in after the debacle at the V.C. Summer Nuclear Plant.
Bonsall’s extension still must be approved by the Agency Head Salary Commission as part the Santee Cooper reform package signed by Gov. Henry McMaster earlier this month. The commission sets pay for directors of state agencies.
Duckworth will receive $160,050 in performance-based pay.
Oversight by the salary commission — which includes eight lawmakers and three gubernatorial appointees — was put in the reform package after the previous Santee Cooper CEO received $800,000 a year in retirement pay after he stepped down following the 2017 abandonment of V.C. Summer nuclear plant construction.
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