Regulators Order S.C. Utility Rate Cuts

Bills should go down by at least 15% for some

Patrick Gentry
July 03, 2018 - 5:43 pm

Customers of South Carolina Electric & Gas Co. are another step closer to seeing a rate reduction following a failed multi-billion dollar nuclear project.

Media outlets report the Public Service Commission on Tuesday ordered South Carolina Electric & Gas to start lowering rates by 15 percent beginning this summer.

SCE&G wants to stop the cut, arguing state lawmakers' move to force the utility to pay for a failed nuclear construction project is unconstitutional. The utility had sought to use a higher rate to recover project costs.

Lawmakers last week ordered the commission to reduce SCE&G's rates until regulators decide by year's end who should fund the abandoned project.

SCE&G and the state-owned utility Santee Cooper had spent more than $9 billion when they abandoned the project last summer.

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