SCE&G to raise utility rates by 3 percent - WBTV 3 News, Weather, Sports, and Traffic for Charlotte, NC

SCE&G to raise utility rates by 3 percent

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COLUMBIA, SC (WIS) -

The South Carolina Public Service Commission approved a 3.02 percent rate increase Wednesday to help finance two nuclear units being built by South Carolina Electric and Gas.

The rate increase is scheduled to take effect Oct. 30 and is expected to generate $67.2 million.

The increase will raise a residential customer's monthly bill using 1,000 kilowatt hours by $4.17 or 3.02 percent, said C. Dukes Scott, executive director of the South Carolina Office of Regulatory Staff.

The rate increase will be used to cover the cost of capital on additional construction work  at the V. C. Summer nuclear units two and three, Scott said.

Within thirty days of the issuance of a revised rates order, any aggrieved party may petition the commission for review of the revised rates order, according to state law. In filing for intervention, interveners shall identify with particularity the specific issues they intend to raise with regard to the revised rates order.

The party seeking review of the revised rates order shall serve a copy of such petition on the Office of Regulatory Staff and the utility on the same day and by the same means as it is provided to the commission.

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