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


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...