On day 13 of the PSC hearing, SCE&G put up as a witness Dr. Glenn Hubbard, an economics professor at Columbia University in New York. Dr. Hubbard testified about the serious financial dangers SCE&G would face if the PSC went with any of the proposals for rate rollbacks offered by…
Newsletter November 19, 2018 Health Insurance Savings with Good Benefits The open enrollment season runs until December 15th for the ACA Marketplace. So, encourage your employees to get their coverage and their federal subsidies. However, if you are 50 or older and don’t qualify for premium assistance, you know premiums…
Day 12 of the PSC hearing continued featuring Dominion CEO Tom Farrell. In response to questions by Mr. Knapp, the following answers were given by Mr. Farrell: His staff did not obtain for him the total amount of advertising dollars Dominion has spent in SC on TV, radio and newspapers…
Day 11 of the PSC hearing delivered some important testimony from Dominion Energy witnesses. The day started with a panel of Dominion witnesses: James Chapman (Dominion’s CFO), Prabir Purohit (Dominion’s Director of Mergers and Acquisitions) and James Warren (Dominion’s out-of-house attorney). Mr. Chapman told that Dominion is a $79 billion…
Day 10 of the PSC hearing was devoted entirely to the testimony of George Wenick, SCE&G’s outside attorney who advised SCE&G and Santee Cooper on the nuclear project. It was Mr. Wenick’s law firm that hired the Bechtel Corporation in 2015 for an independent analysis of the nuclear project. In…
(For coverage of Day 8, click here) Day 9 of the PSC hearing started with Ronald Binz, a public utility and energy policy witness for the Southern Environmental Law Center (SELC). Much of his testimony addressed the use of securitization as a tool to cut costs for ratepayers when it…
SCANA CEO Jimmy Addison continued as the first witness. In response to a question he said that he has not and doesn’t intend to read the Bechtel Report, the independent assessment of the nuclear project started in 2015 and ending in 2016 at a cost of $1 million to SCE&G.…
SCE&G presented its first witness today. Jimmy Addison, who was the CFO of SCE&G over the past several years before becoming CEO in 2018, took his seat at the witness table and spent the day answering questions. Bob Guild, attorney for the Sierra Club and Friends of the Earth, started…
Mr. Kollen continued as ORS witness today. Mr. Knapp started the morning questioning Mr. Kollen about the Toshiba guarantee funds (about $1.1 billion penalty for Westinghouse walking away from the nuclear project). Dominion, if it acquires SCE&G, has proposed giving an immediate cash refund to customers by using the Toshiba…
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