Tax Reform–SCE&G Rates–Offshore Oil Exploration/Drilling

October 27, 2018


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Tax Reform Tele-Town Hall Oct. 29th

Businesses for Responsible Tax Reform will hold a tele-town hall on Monday, October 29th, at 9PM ET.  SC Small Business Chamber CEO Frank Knapp will be a featured speaker discussing how the tax law passed last December gave a 40% tax rate cut to corporations but failed to deliver for small businesses, increased the national debt by 17% and left most Americans no better off.

Republicans in Washington now want to cut Social Security, Medicare, Medicaid and even the Pentagon budget to offset the 1/3 loss of corporate tax revenue.

Register For Tele-Town Hall

SCE&G Rate Hearing Starts November 1st

The future rates of SCE&G customers will be decided in a Public Service Commission hearing starting Thursday, November 1st.  How much of the $5 billion construction costs for the utility’s abandoned nuclear plants will the ratepayers be responsible?  And does Dominion Energy really offer the SCE&G customers the best path forward?

SC Small Business Chamber president and CEO Frank Knapp is a pro se intervenor in this hearing. This past Sunday in an opinion editorial he provided details of this “regulatory trial” in which SCE&G has been accused of deception in order to get approval for additional construction costs for the nuclear project while raising customer rates.

This week Dominion made another “best and final” offer to the Public Service Commission to get approval to purchase SCANA, SCE&G’s parent company.  Mr. Knapp dismisses the offer in a statement.

Voters Warned: Offshore Oil Drilling Advocates Keeping Quite Before Election

The advocates of opening the Atlantic to oil exploration and drilling have gone quiet before the election and some previous supporters of drilling now claim to oppose it. The SC Small Business Chamber CEO warned voters in opinion editorials in the Hilton Head Island Packet and Charleston Post and Courier that this probable campaign strategy is intended to keep the issue from being a concern for voters on November 6th.

The discovery of a giant deep-sea coral reef off the coast of Charleston and the recent Atlantic hurricane have added to the reasons to oppose seismic airgun blasting to search for offshore oil and the eventual drilling.

Dr. Sandra Brooke of Florida State University and one of the teem of scientists conducting the deep-sea exploration gave a public symposium on October 15th at the College of Charleston on the coral reef discovery.  She expressed the danger oil development would pose to this fragile and valuable ocean resource.  The SC Small Business Chamber and 12 coastal mayors co-sponsored the presentation.


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