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SCE&G customers ripped off in SCANA nuclear power boondoggle

The State 19th Aug 2017, SCE&G customers have already paid $1.4 billion for the SCANA nuclear power
plants boondoggle. That comes out to an average of $2,000 paid by each of
the 700,000 customers from the nine rate hikes to date.

With $27 of the average person’s power bill going to the now-abandoned project, if SCE&G
does not change this rate, that will cost the average customer an
additional $19,440 over the next 60 years — giving SCE&G a total of $13.6
billion to recover the balance of $4.9 billion it spent on the failed

For the total of $21,440 that customers would pay on average for
this abandoned project, they could have purchased solar panels, thereby
reducing power consumption and obviating a need for increased generating
capacity while lowering their utility bills considerably.


August 21, 2017 - Posted by | business and costs, USA

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