Judge buys SCE&G argument
Fri, 08/03/2018 - 8:46am
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.
Jerry Bellune
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.