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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.

USA, South Carolina: (Latest Stories)