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Lawsuit against S.C. Electric & Gas – accuses mismanagement of over $1 billion of its customers’ money

Lawsuit accuses SCE&G of negligence in scuttled South Carolina nuclear construction project, Post and Courier By Thad Moore tmoore@postandcourier.com Aug 12, 17, 

A lawsuit filed late Friday accuses S.C. Electric & Gas of mismanaging more than $1 billion of its customers’ money in the power company’s bid to build two nuclear reactors near Columbia that have since been scuttled.

The lawsuit, which is seeking class-action status, says the utility hid financial problems at the V.C. Summer nuclear power plant from its customers, even as costs spiraled and delays mounted. It’s the first of its kind to be brought against the power company since the project was abandoned last week.

The case was filed in Richland County circuit court by LeBrian Cleckley, a Columbia man who says he and thousands of other ratepayers paid more than $1 billion for a project that may never generate a single kilowatt of electricity.

If it’s approved as a class-action case, the lawsuit would cover a massive swath of South Carolinians: SCE&G has 709,000 electric customers across the state.

A spokeswoman for SCE&G declined to comment, saying the power company doesn’t discuss pending litigation.

SCE&G customers have been paying for the project for nearly a decade thanks to a 2007 state law that allows electric companies to charge ratepayers for the cost of building power plants before they come online. SCE&G and its partner, Santee Cooper, sunk some $9 billion into the project before pulling the plug……http://www.postandcourier.com/news/lawsuit-accuses-sce-g-of-negligence-in-scuttled-south-carolina/article_d273b663-7dd6-5599-96eb-308f2d336ffd.html

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August 14, 2017 - Posted by | Legal, USA

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