Sunday, May 23, 2010

The Post and Courier - SCE&G readies case for rate hike - Charleston SC - postandcourier.com

The Post and Courier - SCE&G readies case for rate hike - Charleston SC - postandcourier.com:
Warren Wise
"If approved, the latest proposal would cost a household using 1,000 kilowatt hours of electricity about $5.79 a month, or $69.48, extra each year, when it is fully in place over the next two years starting in July. The original request would have cost customers about $140 over 12 months.

Rates would go up 2.5 percent in July, 1.2 percent in July 2011 and 1.18 percent in July 2012.

The proposed rate schedule includes about $25 million collected from customers during this past winter that would go back to them and another $48 million in tax credits.

The increased power costs would come on top of an already approved average annual spike of 2 percent over the next decade to pay the $10 billion cost of two new nuclear reactors north of Columbia."

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