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South Carolina: Electric rates may be cut after failed nuclear plants

Electric rates may be cut after failed nuclear plants, TD, By JEFFREY COLLINS Associated Press, 28 June 18

        COLUMBIA — Customers of South Carolina Electric & Gas could see their rates temporarily cut by nearly 15 percent, under a compromise plan passed Wednesday by lawmakers after the company spent billions on two failed nuclear plants that never produced power.

The bill passed with enough margin to overcome a promised veto from Gov. Henry McMaster. It could end up doing a lot more than lowering rates for the average South Carolina Electric & Gas customer by about $22 a month for several months.

It could also scuttle a proposed merger by SCE&G’s parent company SCANA Corp. with Virginia-based Dominion Energy…….


June 29, 2018 - Posted by | politics, USA

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