Tuesday, May 25, 2010

SCE&G argues for rate hike - Business - TheState.com

SCE&G argues for rate hike - Business - TheState.com:
"Over the past month or so, the Cayce-based company has cut that request by half to get more in line with the rate recommended by the state Office of Regulatory Staff.
The state agency, which represents consumers in utility cases, and several customers opposed to the rate increase have reached a series of agreements with the company calling for SCE&G to give residential and small customers $25 million in credits over the first year of the rate increase.
A second credit — $48 million — would go to all customers and would be spread over two years.
Those credits would delay the full impact of the proposed 4.88 percent rate increase until July 2012, SCE&G’s lead attorney Chad Burgess told the Public Service Commission on Monday.
If the company’s request is approved, a customer using 1,000 kilowatt hours of electricity would pay $5.79 more a month."

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