State regulators OK SCE&G rate increase
Thu, 19 Sep 2013 10:49:28 GMT —
COLUMBIA, S.C. (AP) -- State regulators have approved a request by South Carolina Electric and Gas to increase its electric rates by about 3 percent to help pay for the costs of building two new nuclear reactors.
The state Public Service Commission on Wednesday approved the increase, which goes into effect Oct. 30.
The change means that residential customers using 1,000 kilowatt hours of electricity would see their bills increase $4.17 per month, to $142.28.
SCE&G asked for the increase in June, its sixth such request in four years.
Many of those increases are to pay the $10 billion needed to build a pair of nuclear reactors at the V.C. Summer Nuclear Station north of Columbia. SCE&G will jointly own the reactors with state-owned Santee Cooper.