United States Virginia change
Sri Lanka Breaking News
Sri Lanka parliament
vivalankaSri Lanka newsSri Lanka businessSri Lanka sportsSri Lanka technologySri Lanka travelSri Lanka videosSri Lanka eventssinhala newstamil newsSri Lanka business directory
vivalanka advertising
Stay Connected
Popular Searches
T20 World Cup
Sponsored Links
Sri Lanka Explorer

SCE&G asking for new nuke construction rate plan

Oct 26, 2010 10:38:00 AM - thestate.com
South Carolina Electric & Gas Co. is going back to state regulators to ask for part of the money to build nuclear plants after the state Supreme Court rejected a different funding plan.

SCE&G spokesman Eric Boomhower says the new request initially will cost people less than the utility's first plan for a contingency fund.

The high court said in August the utility could not collect $438 million for unspecified expenses.

Boomhower says the new request will ask for between $150 million and $200 million in specific costs for the two reactors at the V.C. Summer Nuclear Station in Jenkinsville.

State regulators have approved plans for SCE&G to raise rates until the second new reactor starts in 2019. The overall additional cost would be about $40 a month for the typical homeowner.