25 Years After Flooding, SC Landowners Win $55M

Law360, New York (September 2, 2009, 6:22 PM EDT) -- A federal judge has ordered South Carolina's state-owned electric and water utility to pay property owners more than $55 million plus interest in a quarter-century-old battle over flood damage from a hydroelectric dam.

Judge Patrick Michael Duffy of the U.S. District Court for the District of South Carolina on Tuesday ruled that Santee Cooper, also known as the South Carolina Public Service Authority, would have to pay the plaintiffs covered in the order 8 percent interest, compounded annually, on damages since the date of the filing...
To view the full article, register now.