SCE&G seeks rate increase to fund nuclear plant construction

CHARLESTON, S.C. (WCBD) — South Carolina Electric & Gas is asking state regulators to approve a 3.1 percent residential raise. If approved, it would be the largest single rate increase since the utility began charging its 700,000 customers for the construction of two new reactors.

The company says not to worry.

We’re told for a home running on 1,000kw, even with this increase, the bill will be 1 percent lower than it was at the beginning of the year.  That’s because it filed for a decrease related to fuel costs in April so the two would offset each other.

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