S.C. Utility Sues To Block Rate Reduction

This after regulators cut bills by 15%

Patrick Gentry
July 02, 2018 - 1:31 pm
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South Carolina Electric & Gas is asking a federal court to stop state regulators from cutting its rates.

The Post and Courier of Charleston reported South Carolina Electric & Gas Co. sued Friday, ahead of a Monday afternoon meeting by state regulators to cut SCE&G's rates by 15 percent because of its failed nuclear project.

The lawsuit accuses South Carolina lawmakers of passing an unconstitutional law to force SCE&G to pay for the failed nuclear project in Fairfield County.

State lawmakers last week ordered the Public Service Commission to reduce SCE&G's rates until regulators decide by the end of the year who should pay for the abandoned project.

SCE&G and the state-owned utility Santee Cooper had spent more than $9 billion when they abandoned the project last July 31.

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