SCE&G wants another $4.7 billion from ratepayers
Company says this is what nuclear abandonment costs
Jerry Bellune
jerrybellune@yahoo.com
jerrybellune@yahoo.com
Posted 9/4/18
Did you think closing SC Electric & Gas's nuclear project would end ratepayer costs?
Think again.
SCE&G has already asked the Public Service Commission to approve charging …
This item is available in full to subscribers.
Subscribe to continue reading. Already a subscriber? Sign in
Get 50% of all subscriptions for a limited time. Subscribe today.
You can cancel anytime.
Please log in to continue |
SCE&G wants another $4.7 billion from ratepayers
Company says this is what nuclear abandonment costs
SCE&G's $9 billion reactors for which it wants another $4.7 billion from its ratepayers.
SCE&G's $9 billion reactors for which it wants another $4.7 billion from its ratepayers.
Posted
Did you think closing SC Electric & Gas's nuclear project would end ratepayer costs?
Think again.
SCE&G has already asked the Public Service Commission to approve charging ratepayers another $4.7 billion in "abandonment" costs.
That amount is in SCE&G's application to the PSC, said Office of Regulatory Staff Director Nanette Edwards.
What is not clear is:
• Over how many years would ratepayers be charged?
• What specifically would the money be paid for?
• If this is for payroll, what is the average pay per person this will cost?
"When they went out to the market to borrow, they borrowed money for ALL operations including building new nuclear," Edwards told the Chronicle.
That is why ORS cannot tell you how much of the amount borrowed specifically for new nuclear has now been paid,: she said.
"For example if hypothetically in 2009 they issued bonds for $500 million, that was for the entire company but a portion of that debt was for new nuclear.
More about SCE&G's hiding costs in this week's electronic edition.
Watch for more on this $4.7 billion request in Thursday's Chronicle.
Comments
No comments on this item Please log in to comment by clicking here