PRESS RELEASE
Date: October 1, 2018
From: South Carolina Small Business Chamber of Commerce
Subject: Public Hearing on SCE&G Nuclear Debacle
Contact: Frank Knapp, President/CEO, 803-252-5733 (w), 803-600-6874 (c),
fknapp@scsbc.org
Columbia, SC—The SC Public Service Commission (PSC) is giving the public the opportunity to weigh in on whether ratepayers should pay for SCE&G’s abandoned nuclear power plants.
This is the second public hearing on the issue and will be held at 6PM, Monday, October 8th in Aiken at the Aiken County Government Center, 1930 University parkway, Council Chambers, 3rd Floor, Aiken
SCE&G spent $4.7 billion on construction since 2009 to build the nuclear plant before abandoning the project in July 2017. The utility’s customers have already had their rates increased by 18 percent and paid over $2 billion to pay only for the financing costs of the project.
The South Carolina Small Business Chamber of Commerce (SCSBCC) is encouraging small business owners to attend and speak at one of the three PSC public hearings to be held.
“The decision that the PSC will make on the issue of who pays for the abandoned nuclear project will affect rates for decades to come,” said Frank Knapp, President and CEO of the SCSBCC. “Our position is that SCE&G rates should be rolled back by 18 percent and the $2 billion the customers have already paid should be clawed back.”
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The South Carolina Small Business Chamber of Commerce is a statewide advocacy organization founded in 2000. With over 10,000 small business and entrepreneur supporters, it has successfully worked to make South Carolina more small business friendly in areas such as healthcare, taxation, regulation, worker training, energy/conservation, workers’ compensation and economic development.