• SCE&G seeks rate increase to fund nuclear plant construction

    Updated:
    CHARLESTON, S.C. (AP) — South Carolina Electric & Gas is asking state regulators to approve a 3.1 percent residential raise that would be the largest single rate increase that has occurred since the utility began charging its 700,000 customers for the construction of two new reactors.

    The Post and Courier of Charleston (http://bit.ly/299ZoEL ) reports that the proposed rate increase would raise $74.2 million for construction of the reactors at the V.C. Summer Nuclear Station in Jenkinsville. The rate hike, which would take effect at the end of November if approved, would be the ninth increase to pay for the reactors since 2009.

    Commercial customers would see their rates increase by between 3 percent and 3.3 percent.

    Office of Regulatory Staff Executive Director Dukes Scott says the utility has charged its customers more than $1 billion for the $14 billion project.

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    Information from: The Post and Courier, http://www.postandcourier.com

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