Tuesday, May 25, 2010

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

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