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South Carolina House cuts customers bills over failed nuclear project, but Senate delays decision

S.C. House cuts customers’ bills over failed nuke project, Aiken Standard. By MEG KINNARD Associated Press, 7 Mar 18,

      COLUMBIA — South Carolina lawmakers on Wednesday nearly unanimously advanced a measure aimed at cutting utility bills in the wake of a nuclear construction project failure that’s already cost ratepayers billions.

Now the measure, approved on a 107-1 vote, goes back to the state’s Senate for consideration. That chamber has yet to agree to previous House measures that included cutting customers’ payments for the shuttered project.

Since convening two months ago, state lawmakers have tussled over what to do about the failed project at the V.C. Summer Nuclear Station, a $9 billion reactor construction effort that collapsed last summer. Co-owners SCANA Corp. and Santee Cooper, South Carolina’s public utility, abandoned the project July 31 following the bankruptcy of lead contractor Westinghouse.

 State and federal investigations into possible wrongdoing by SCANA are ongoing. Multiple lawsuits alleged company executives knew the project was doomed but kept that information from ratepayers, whom they continued to charge a collective $37 million per month to fund the project.

House and Senate panels quickly convened to examine the debacle, with House lawmakers producing a package of half-a-dozen bills. The proposals included bills cutting rates for customers of SCANA subsidiary South Carolina Electric & Gas by 18 percent – the amount they’ve been paying toward the project – and allowing refunds of what customers have already paid, if regulators conclude there had been “poor management” by SCE&G.

Both chambers put the nuclear mess at the top of their “to do lists” for this year’s session, with some in leadership saying they feared little would get accomplished until the state’s angry ratepayers had some sort of resolution. But debate has lagged in the Senate, where lawmakers have discussed issues related to the failure but also engaged in lengthy debates on other topics, including the recent placement of chicken farms.

The House has passed several proposals reforming the state’s regulatory structure for projects like V.C. Summer. The Senate has yet to take them up but has approved a bill to delay making decisions on fixing the debacle until the end of this year……https://www.aikenstandard.com/ap/s-c-house-cuts-customers-bills-over-failed-nuke-project/article_567263ef-7d18-529d-8b04-20d398e0ad9b.html

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March 9, 2018 - Posted by | politics, USA

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