COLUMBIA, S.C. (AP) — South Carolina legislators want to bar SCE&G from continuing to collect money for a now-scuttled multibillion-dollar nuclear power project customers have been paying for since 2009.
A bipartisan group of legislators announced Wednesday the creation of an Energy Caucus that will work to overhaul how utility requests are reviewed.
South Carolina Electric & Gas and state-owned Santee Cooper decided Monday to abandon construction of two nuclear reactors. A project accounts for 18 percent of SCE&G’s residential electric bills. Utility executives said Tuesday none will get refunded. They are seeking permission from state regulators to recoup an additional $5 billion over 60 years.
Legislators created the system allowing that to happen in 2007.
But Energy Caucus members say the utility’s request should be rejected, and customers should be refunded.