SCE&G seeking rate hike due to nuclear plant costs

COLUMBIA, S.C. (AP) - South Carolina Electric & Gas Co. is asking for a nearly 3 percent rate increase due to overruns in the cost of building two new nuclear reactors.

South Carolina media outlets report the increase, if approved by state regulators, would first appear on the bills of the utility's almost 700,000 customers in November.

The company says the increase will add about $4 to the bill of an average residential customer. The bill for those using about 1,000 kilowatt hours of power a month will increase to about $150.

The increase is tied to the cost of new reactors at the V.C. Summer Nuclear Station about 25 miles northwest of Columbia. The cost of the reactors is $514 million more than initially forecast and now estimated at $6.8 billion.

Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...