SCE&G wants rate hike
Tue, 26 Oct 2010 11:46:10 GMT —
COLUMBIA, S.C. (AP) -- South Carolina Electric & Gas Co. will ask state regulators for higher rates to pay for expansion of its nuclear plant in Fairfield County.
Multiple media outlets reported the utility will ask to recover some money the South Carolina Supreme Court rejected in August.
SCE&G says it needs between $150 million and $200 million to complete plans for the two new nuclear reactors at the V.C. Summer Nuclear Station in Jenkinsville.
State regulators have approved plans for SCE&G to raise rates gradually until the second new reactor starts in 2019. The overall additional cost would be about $40 a month for the typical homeowner.Related Stories Clements favors wind power for SC SCE&G rate increase takes effect this month SC Supreme Court strikes down SCE&G rate hike
The state Supreme Court ruled in August that customers should not be billed now for possible cost overruns. SCE&G said Monday the new request reclassifies the additional money.
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