For Sage and other consumers, these changes seem to have come out of nowhere, but in reality, they have been a long time coming. Between the years of 2000 and 2013, New England went from getting 15 percent of its energy from natural gas to 46 percent. That's dozens of power plants getting built.
An abnormally hot summer, customer growth and rate hikes fueled a 9.9% increase in third-quarter earnings for Cayce-based SCANA Corp., parent of South Carolina Electric & Gas.
The company reported Thursday earnings for the quarter totaled $144 million compared with $131 million for the third quarter of 2013.
For the nine months ended Sept. 30, SCANA said its earnings climbed 17.7% to $433 million compared with $368 million for the first nine months of 2013.
“Electric margins continue to increase as expected due to customer growth and financing cost recovery through the Base Load Review Act," said Jimmy Addison, SCANA executive vice president and CFO. Additionally, hot weather during the summer contributed to higher earnings.