SCE&G rates going up 1 percent for SC reactors

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COLUMBIA, S.C. - Electricity rates will be going up for customers of South Carolina Electric & Gas Co. later this month.

The State reported Thursday that the Columbia utility has gotten permission to raise rates by an average of 1 percent to help pay for two nuclear reactors.

It's the second hike to help pay for SCE&G's part of the $10 billion expansion at the V.C. Summer Nuclear Station in Fairfield County.

The average residential monthly bill will go up about $1.40. The earlier rate hike for the reactors was 0.4 percent in March, about 48 cents a month for the typical customer.

SCE&G says charging customers for construction costs while the reactors are built will save $1 billion in financing costs.

SCE&G and state-owned Santee Cooper are partners on the reactors. The first unit should be online in 2016.

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Tobie2
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Tobie2 10/01/09 - 08:10 am
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And with the passage of "Cap

And with the passage of "Cap and Trade" we can look to pay a HUGE increase.

If Fat Albert (Gore) isn't looking we can cut down the trees to use for fuel.

Pardon all my carbon footprints

Boston93
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Boston93 10/01/09 - 09:05 am
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I agree with Tobie2. Right on

I agree with Tobie2. Right on with "Cap & Trade" program that will be hitting when President signs the bill.

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