S.C. court rules against South Carolina Electric & Gas

08/10/2010 | Platts

The South Carolina Public Service Commission was wrong to allow South Carolina Electric & Gas to recoup $438.3 million in contingency expenses for development of its Summer nuclear station near Jenkinsville, the state Supreme Court ruled. The commission had said that SCE&G could raise rates by 1.1% to recover financing costs related to developing the two 1,117-megawatt nuclear reactors. SCE&G has defended the charges as a way to save customers $4 billion over the life span of the project.

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