It’s supposed to be in the mail to you this week.
More than 737,000 former SC Electric & Gas ratepayers will get back pennies on the $2 billion the Public Service Commission allowed SCE&G to charge them for the failed $9 billion nuclear plant that may never generate a kilowatt of electricity.
The average ratepayer may get less than $90 of the $60 million class-action lawsuit settlement.
Ratepayers between 2009 and 2018 are eligible.
The payments are to be made almost 2 months after the settlement between SCE&G – now owned by Dominion Energy of Virginia – and 11 lawyers who sued on behalf of ratepayers.
This is not the $1,000 Dominion promised in its campaign to buy SCE&G and its parent company, Lexington County-based SCANA Corp.
That was dropped. Instead, Dominion promised up to 15% in rate cuts.
Dominion said you don’t have to do anything.
If you were a ratepayer between 2009 and 2018, your check will be mailed no later than Friday, Aug. 10.
Dominion plans to charge you another $2.3 billion for the failed nuclear reactors over the next 20 years.
“While nobody can turn back the clock and eliminate the bad decisions of the past, we are happy that SCE&G customers will not have to bear the full burden of those decisions,” Edward Westbrook, an attorney in the lawsuit, told the Charleston Post and Courier.
The payouts will be based on how much electricity each ratepayer used while the project was underway.
Large industries could be reimbursed more than $1 million, Westbrook said.
About 41,000 homes and businesses, he said, are expected to receive over $100 but others could receive checks for less than $20.