STOCK TITAN

Leading Utility Santee Cooper Modernizes its Customer Platform with Oracle Cloud

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)
Tags

Santee Cooper (ORCL customer) migrated its customer platform to Oracle Utilities Customer Cloud Service to modernize meter-to-cash operations. Nightly billing now runs ~3 hours faster; daily batch window shrank from 13 to 6.5 hours. Red Clay optimization and 200+ automated test scripts reduced customizations and cut projected upgrade costs by 30-40%.

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Positive

  • Nightly billing runs ~3 hours faster
  • Daily batch schedule reduced from 13 to 6.5 hours
  • Rationalized nearly 2,000 customizations
  • Projected 30-40% lower future upgrade costs
  • Delivered 200+ automated test scripts for semi-annual releases

Negative

  • None.

News Market Reaction – ORCL

+0.34%
1 alert
+0.34% News Effect

On the day this news was published, ORCL gained 0.34%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Retail electric customers: over 200,000 Billing speed gain: 3 hours faster Batch job reduction: 13 hours to 6.5 hours +4 more
7 metrics
Retail electric customers over 200,000 Santee Cooper customer base
Billing speed gain 3 hours faster Average nightly billing process improvement
Batch job reduction 13 hours to 6.5 hours Daily batch job schedule after optimization
Automated test scripts over 200 OUTA-based automated test scripts developed
Customization rationalization nearly 2,000 customizations Legacy customizations rationalized
Upgrade cost reduction 30–40% less expensive Projected future upgrade costs vs legacy systems
Establishment year 1934 Santee Cooper founding year

Market Reality Check

Price: $155.62 Vol: Volume 16,385,281 shares ...
low vol
$155.62 Last Close
Volume Volume 16,385,281 shares vs 20-day average 26,588,518 shares, indicating lighter trading activity. low
Technical Shares at $143.17 are trading below the 200-day moving average of $217.56 and well below the 52-week high of $345.72.

Peers on Argus

ORCL was down 1.63% while key software peers were mixed: PLTR +2.17%, MSFT +0.53...

ORCL was down 1.63% while key software peers were mixed: PLTR +2.17%, MSFT +0.53%, FFIV +0.62%, PANW +5.13%, and NTAP -2.43%, suggesting stock-specific factors rather than a broad sector move.

Historical Context

5 past events · Latest: Apr 07 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Apr 07 AI agent deployment Positive -1.6% Clinical AI agent cut documentation time and after-hours workload for clinicians.
Apr 06 CFO appointment Positive -0.6% New CFO named following strongest quarterly growth in over fifteen years.
Mar 31 Federal AI financials Positive +6.0% AI-powered federal financials added to U.S. Treasury FM QSMO Marketplace.
Mar 31 Isolated defense cloud Positive +6.0% Isolated cloud for defense industrial base targeting Secret and Top-Secret work.
Mar 31 Federal AI data platform Positive +6.0% Launch of AI data platform for U.S. federal agencies in secure cloud.
Pattern Detected

Recent AI and cloud-focused announcements often coincided with positive price moves, but the last two news events saw negative reactions despite constructive operational and financial narratives.

Recent Company History

Over the past weeks, Oracle highlighted multiple cloud and AI initiatives, including federal-focused AI platforms and isolated cloud environments on Mar 31, which aligned with a +5.99% share move across several related releases. A CFO transition on Apr 6 followed strong reported growth in organic revenue and non-GAAP EPS but coincided with a modest share decline. An AI agent deployment at Southwest General on Apr 7 also saw a negative reaction. Today’s customer cloud win with Santee Cooper continues the theme of showcasing cloud and AI-driven operational improvements.

Market Pulse Summary

This announcement showcases Oracle Utilities Customer Cloud Service driving tangible benefits at San...
Analysis

This announcement showcases Oracle Utilities Customer Cloud Service driving tangible benefits at Santee Cooper, with billing running about 3 hours faster, batch jobs cut from 13 to 6.5 hours, and projected upgrade costs 30–40% lower than legacy systems. It extends a string of cloud and AI-focused wins seen since Mar 31. Investors tracking Oracle’s story may watch for additional large utility adoptions, financial impacts from these deployments, and how they complement recent financing and capital structure moves.

Key Terms

saas, customer information system (cis), meter data management system (mdms), oracle utilities test automation (outa), +1 more
5 terms
saas technical
"Having moved to the SaaS-based Oracle Utilities Meter Solution Cloud Service in 2021..."
SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.
customer information system (cis) technical
"With integrated Customer Information System (CIS) and Meter Data Management System..."
A customer information system (CIS) is the software and databases a company uses to track customer accounts, billing, service orders and contact history — like a digital filing cabinet and cash register rolled into one. It matters to investors because CIS quality affects how reliably a company collects revenue, handles customer problems, scales operations and complies with rules; upgrades or failures can change costs, cash flow and customer retention.
meter data management system (mdms) technical
"Customer Information System (CIS) and Meter Data Management System (MDMS) capabilities..."
A meter data management system (MDMS) is software that collects, cleans, stores and organizes readings from utility meters (electricity, gas, water) so they can be used for billing, reporting and operational planning. Think of it as a centralized ledger that turns raw meter readings into reliable invoices and usage insights; for investors, an MDMS affects revenue accuracy, customer disputes, regulatory compliance and the ability to analyze demand and run a smarter, more efficient utility.
oracle utilities test automation (outa) technical
"over 200 automated test scripts using the Oracle Utilities Test Automation (OUTA) tool..."
Oracle Utilities Test Automation (OUTA) is a software toolkit that automates checking and validating utility industry applications—such as metering, billing, and customer service systems—so upgrades and changes behave correctly. For investors, OUTA matters because it helps companies deploy software faster and with fewer errors, reducing operational risk and costs much like an automated checklist speeds and steadies a complex assembly line.
meter-to-cash technical
"for its comprehensive utility meter-to-cash solution that has been proven to securely scale..."
Meter-to-cash is the end-to-end process that turns a customer’s measured usage of a service (like electricity, water or telecom data) into an invoice and collected payment. It covers reading the meter or usage data, calculating charges, issuing bills, applying payments and managing unpaid accounts — like turning grocery items scanned at checkout into money in the register. Investors care because faster, accurate meter-to-cash cycles improve revenue certainty, cash flow and customer retention, while weaknesses can delay income or increase costs.

AI-generated analysis. Not financial advice.

South Carolina's largest public power and water provider improves operational efficiency, reduces costs, and increases agility with Oracle and Red Clay Consulting

AUSTIN, Texas, April 8, 2026 /PRNewswire/ -- Santee Cooper, South Carolina's largest public power provider, has implemented Oracle Utilities Customer Cloud Service to enhance customer operations for its electric account holders. By moving its customer platform to the cloud together with its existing Oracle's SaaS meter solution, the utility now has a modern customer platform to increase system reliability and free resources for service innovation. Already, Santee Cooper's nightly billing processes are running on average three hours faster and communication overhead between modules has been drastically reduced. Red Clay's optimization work also reduced the daily batch job schedule in half, from 13 hours to 6.5 hours, delivering immediate operational improvements and cost savings.

Established in 1934, Santee Cooper is a not-for-profit, state-owned utility committed to community wellbeing and sustainable service delivery. The organization provides a broad spectrum of services, including wholesale and retail electric generation, transmission, distribution, and wholesale water sales. The utility's customer base includes over 200,000 retail electric customers.

"Oracle's cloud platform has rapidly improved our customer and metering operations, empowering us to increase dedicated resources for priority customer service and growth initiatives," said Christy Wyndham, Director of Technology Strategy and Gov Office, Santee Cooper. "Thanks to our partners at Oracle and Red Clay who supported us every step of the way, we were able to navigate this transition smoothly and confidently."

A simplified cloud path
With its on-premises Oracle customer care and billing systems approaching end of life, Santee Cooper desired a consolidated platform for higher operational efficiency, particularly for batch processing and system synchronization. Having moved to the SaaS-based Oracle Utilities Meter Solution Cloud Service in 2021, the utility knew that a cloud-based system would provide the automation and reliable communication to help address complex operations while also reducing the cost of system upgrades and maintenance.

After and thorough evaluation, Santee Cooper chose Oracle Utilities Customer Cloud Service for its comprehensive utility meter-to-cash solution that has been proven to securely scale, while helping to eliminate complex infrastructure management across hundreds of utilities worldwide. With integrated Customer Information System (CIS) and Meter Data Management System (MDMS) capabilities in one solution, the utility can now help keep its customer platform current and free utility resources to focus on innovation such as prepaid services and additional, self-service customer capabilities.

For example, the shift to an integrated platform consolidated Santee Cooper's billing, customer management, and operational processes, reducing synchronization issues. Additionally, by leveraging out-of-the-box functionality, the utility has minimized custom developments to simplify future upgrades. Red Clay, a member of Oracle PartnerNetwork, delivered the groundbreaking project on the original timeline with no schedule delays, demonstrating the firm's commitment to predictable, reliable project execution.

"This project demonstrates what's possible when you combine deep technical expertise, proven accelerator tools, and a true partnership approach," said Paul Marnell, CEO, Red Clay Consulting. "Our team is proud to have worked alongside Santee Cooper and Oracle to deliver a transformation that positions this utility for decades of innovation and operational excellence."

Driving systematic success
Santee Cooper now benefits from enhanced system reliability. For example, Oracle's unified platform has helped eliminate synchronization errors and downtime risks associated with operating the CIS and MDMS systems separately. Red Clay also developed over 200 automated test scripts using the Oracle Utilities Test Automation (OUTA) tool included in Santee Cooper's license, enabling seamless adoption of semi-annual cloud releases.

The simplified architecture has also reduced Santee Cooper's ongoing maintenance, upgrade efforts, and system complexity, translating into lower lifecycle costs. By rationalizing nearly 2,000 customizations and leveraging the Oracle solution's native functionality, Red Clay positioned Santee Cooper for significantly lower future upgrade costs, now projected to be 30-40% less expensive compared to legacy systems.

"Santee Cooper's successful transition to Oracle Utilities Customer Cloud Service exemplifies how strategic cloud migration can transform utility operations, enhancing performance and customer service capabilities," said Mark Webster, senior vice president for Oracle Infrastructure Industries. "As a result, Santee Cooper can now streamline complex customer operations and reduce cost to serve with an all-in-one platform that helps eliminate silos and accelerate meter-to-cash delivery."

To learn more about Oracle Utilities solutions visit here and join the discussion on LinkedIn.

About Santee Cooper
For more than 90 years, Santee Cooper has been serving the people of South Carolina. The utility is South Carolina's largest power provider, and the ultimate source of electricity for 2 million people across the state. Through its affordable, reliable, and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper helps power South Carolina. To learn more, visit www.santeecooper.com and follow #PoweringSC on social media.

About Red Clay Consulting
Focused solely on the utility industry Red Clay advises, delivers, and manages technical and business solutions based on their clients' unique needs. Red Clay works hand in hand with Oracle to offer our clients the industry's most comprehensive and flexible software platform. Red Clay's strong partnership with Oracle Utilities provides our clients innovative and proven solutions.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

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SOURCE Oracle

FAQ

How did Santee Cooper’s April 8, 2026 move to Oracle Cloud (ORCL) affect nightly billing times?

Nightly billing processes are now about three hours faster, improving end-of-day completion. According to the company, this speedup reduces operational windows and supports faster customer reporting and reconciliation.

What batch processing improvement did Santee Cooper report after Oracle Cloud (ORCL) implementation?

The daily batch job schedule was cut from 13 hours to 6.5 hours, halving runtime. According to the company, Red Clay's optimization delivered immediate operational improvements and cost savings from shorter processing windows.

How will the Oracle Cloud (ORCL) migration change Santee Cooper’s upgrade costs?

Santee Cooper projects future upgrade costs to be 30-40% lower versus legacy systems. According to the company, fewer customizations and native functionality reduce lifecycle maintenance and upgrade complexity.

What operational reliability benefits did Santee Cooper gain from Oracle Utilities Customer Cloud Service (ORCL)?

The unified platform reduced synchronization errors and downtime risk between CIS and MDMS systems. According to the company, consolidation helps eliminate silos and improves meter-to-cash reliability and system availability.

What role did Red Clay play in Santee Cooper’s Oracle Cloud (ORCL) project delivery?

Red Clay delivered the project on the original timeline with no schedule delays and developed 200+ automated test scripts. According to the company, this ensured predictable execution and smoother semi-annual cloud releases.

How does the Oracle Cloud (ORCL) setup free resources for Santee Cooper’s customer initiatives?

By consolidating CIS and MDMS and minimizing custom development, Santee Cooper freed staff to focus on prepaid services and self-service features. According to the company, reduced maintenance and automation enabled reallocation of technical resources.