nuclear-news

The money

$11 billion: Original projected cost of the two reactors

$9 billion: What SCE&G and Santee Cooper have spent already on the project

SCE&G

$4.9 billion: Amount of borrowed and stockholder money SCE&G has invested and hopes to recoup

$2 billion: Tax credits SCE&G hopes to receive to offset $4.9 billion investment

$700 million: Payment from Westinghouse parent Toshiba that SCE&G hopes to receive to offset $4.9 billion investment

$2.2 billion: Amount SCE&G will seek to recoup from ratepayers if it receives the tax credits and Toshiba payments

$1.4 billion: Amount SCE&G customers have paid in rate increases to bankroll the two new reactors

9: Rate hikes, so far, that SCE&G has passed on to its customers to pay for the now-abandoned reactors

18 percent: Portion of SCE&G bills that pay for the nuclear project

SANTEE COOPER

$4 billion: Amount borrowed by Santee Cooper, which will have to be paid by ratepayers or taxpayers

$540 million: Amount Santee Cooper customers have paid in rate increases to bankroll the two new reactors

5: Rate hikes, so far, that Santee Cooper has passed on to its customers to pay for the now-abandoned reactors

8 percent: Portion of Santee Cooper bills that pay for the nuclear project

Future SCE&G rate increases*

State law, at 58-33-280, allows SCE&G to request “revised rates” annually during construction of a nuclear facility. These are in addition to normal rate increases and, unlike normal rate increases, are nearly impossible for the PSC to reject…….http://www.thestate.com/opinion/opn-columns-blogs/cindi-ross-scoppe/article170003262.html