SC regulators to hold hearing on nuclear request
May 16, 2011 6:17:00 AM - thestate.com
South Carolina regulators will hold a hearing on whether Duke Energy should continue to spend money to keep its nuclear options open.
The hearing before the state Public Service Commission starts Monday morning.
The Charlotte, N.C.-based power company is asking regulators to agree that it is prudent to continue spending money on getting a license for a proposed nuclear facility in Cherokee County. Duke has not decided whether to build another nuclear plant in South Carolina.
The company wanted to spend up to $229 million, but has agreed to spend just $120 million in a proposed settlement with the Office of Regulatory Staff. That agency represents customers in utility rate cases.
Office of Regulatory Staff executive director Dukes Scott says the request would have no immediate impact on rates.
USA, South Carolina: (Latest Stories)