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Judge buys SCE&G argument

SCE&G executives Kevin Marsh, Stephen Byrne and Jimmy Addison told the PSC their nuclear project was doing well when evidence later showed it was not.

A federal judge will allow SC Electric & Gas to go ahead with a lawsuit.

SCE&G is suing state regulators to stop a temporary 15% rate cut for ratepayers still paying $37 million a month for an abandoned nuclear reactor project.

The utility claims lawmakers did not follow their own 2007 law to allow SEE&G to:

- Raise rates to pay for the two nuclear reactors before any power was generated.

- Keep charging 18% rates to pay off debt even if the project is not finished and may never be.

The Legislature revoked the law this year and passed a temporary rate cut from 17% to 3%.

SCE&G is suing the Public Service Commission which must carry out the revised law, not the legislature which passed it.

Newspaper

Mailing Address:
     PO Box 9 Lexington
     SC 29071
Street Address:
     131 Swartz Rd.
     Lexington SC 29072
Phone: 803-359-7633
Fax: 803-359-2936