COLUMBIA, S.C. — South Carolina’s top prosecutor says power customers have been left “holding the bag” for an unfinished nuclear power plant.
Attorney General Alan Wilson told Public Service Commissioners on Tuesday that South Carolina Electric & Gas Co. customers didn’t have sufficient warning the company wanted numerous rate hikes to help fund construction of new reactors.
Wilson spoke on behalf of the more than 700,000 SCE&G ratepayers who’ve been charged more than $2 billion toward interest on the company’s debt. Earlier this year, Wilson’s office issued a non-legally-binding opinion calling the law allowing the upfront charges “constitutionally suspect.”
Commissioners are considering the Office of Regulatory Staff’s request to stop the billing. SCE&G attorneys say the company would devolve into bankruptcy if regulators make them stop charging ratepayers for the project.