This rate hike has nothing to do with the SCE&G construction of the two nuclear reactors under cosntruction that they are also requesting another $238 million from their customers. And this has nothing to do with regular fuel adjustments. This is all about regular operational costs for SCE&G.
Is the increase justified? We’re going to find out because the S.C. Public Service Commission (PSC) will hold its hearing on the matter right after Thanksgiving. I have formerly intervened in the process which gives me the right to cross examine all witnesses. I have done this numerous times in the past and at the end of the day SCE&G proposed rate increases have been knocked down by up to 50%.
–SCE&G already has the highest rates of the commercial power companies in South Carolina. The average monthly residential bill for a 1000 kWh customer is $130.64 for SCE&G, $106.77 for Duke and $101.58 for Progress.
–The parent company of SCE&G, SCANA, had a 29% increase in earnings in the second quarter of this year compared to the same period the year before. That means that SCANA took in $72 million in profit in May, June, and July this year.
–Wednesday, October 24th, at the Aiken Technical College, Amphitheater (Room 701), 226 Jefferson David Highway, Graniteville, SC.
–Tuesday, November 27th, Public Service Commission of South Carolina, 101 Executive Center Drive, Columbia, SC.