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Did South Carolina agency do enough to protect utility customers from nuclear financial fiasco?

After paying for abandoned nuke project, do SC consumers need a stronger advocate?, The State, BY SAMMY FRETWELL sfretwell@thestate.com  AUGUST 19, 2017 COLUMBIA, SC 

A state agency whose job is to look out for utility customers finds itself explaining whether it did enough to protect ratepayers from rising power bills that resulted from a bungled nuclear expansion project.

The S.C. Department of Regulatory Staff, a 71-person agency with a $13.3 million budget, is drawing scrutiny for what critics say was a tepid defense of SCE&G ratepayers who were charged about $2 billion for the costs of two new reactors. SCE&G abandoned the unfinished reactor construction project July 31 after hitting customers with nine rate increases to pay for the work.

Regulatory staff officials say they did plenty to help ratepayers. But state law also requires the department to weigh the interests of utilities against those of customers. The Office of Regulatory Staff initially supported SCE&G’s plan to charge customers through a series of rate increases…….http://www.thestate.com/news/article168181267.html

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August 21, 2017 - Posted by | politics, USA

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