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South Carolina legislators want refunds from scrapped nuclear power project

Legislators call for refunds from nuke project By Associated Press, August 3, 2017, COLUMBIA, S.C.  — South Carolina legislators want to bar SCE&G from continuing to collect money for a now-scuttled multibillion-dollar nuclear power project customers have been paying for since 2009.

A bipartisan group of legislators announced Wednesday the creation of an Energy Caucus that will work to overhaul how utility requests are reviewed.

South Carolina Electric & Gas and state-owned Santee Cooper decided Monday to abandon construction of two nuclear reactors. A project accounts for 18 percent of SCE&G’s residential electric bills. Utility executives said Tuesday none will get refunded. They are seeking permission from state regulators to recoup an additional $5 billion over 60 years.

Legislators created the system allowing that to happen in 2007.

But Energy Caucus members say the utility’s request should be rejected, and customers should be refunded.


August 4, 2017 - Posted by | business and costs, politics, USA

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